I see some bullish divergence at macd on IOTA's daily chart also it broke daily inclined resistance from descending triangle. It is a good chance to go long for IOT/USD. PS: If we break small channel which is around 1.12 , real rally will start then we will see 1.90 soon. Buy-in zone: 0.87-1.08 Take profit: 1.90 2.61 Stoploss: 0.75 Have a nice day, Berk
IOTA is moving inside a triangle which is formed by a strong support but at the same time a very strong resistance (coming from ATH) is crossing down the triangle. Daily Stoch RSI points down. RSI turned down. MACD neutral but might turn downward soon. In case IOTA breaks the support it might still continue to decline to ≈ 0.79$ level and there it will touch the...
Hey guys, after the nice follow through of the Head & Shoulders reversal on the Hourly & 4H since my last idea, IOTA just barely established a 4H Higher Low, in this nice equilibrium we're building: We had $0,93 as previous Higher Low, $1.18 as Lower High, now we have $0,94 as new Higher Low. => A definitive break of this range will be coming, depending on what...
Hey guys, IOTA, just like brothers ETH and NEO, built a Head & Shoulders reversal, confirming with the break of the neckline at $1.06 It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet. But...
Watch the development of the next days. If the price development should remain stable, a clear upswing could be expected. Let's see what happens. Happy trading. :-) See also:
Hey guys, IOTA, similar to brothers BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at the important 1 Dollar. We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential. => But: Any break of that neckline has to see...
Iota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory. It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since...
If we hold MA200, a further upward trend can be expected. This results in an opportunity to buy or a re-entry for swingtrader. Maybe wait a few hours and see the situation and then get in. Let's see what happens. Happy trading. :-)
Watch my daily technical analysis on Bitcoin & crypto alts like ETH BCH EOS IOTA LTC As opposed to her fellow brothers EOS & BCH, IOTA hasn't broken her neckline yet, which shows relative weakness right now. But beware - once we get above that area, it could break out with big gains to the 1,35-1,40 area. Support is established on the downside now at around...
IOTA had a massive move up due to the recent new. Like they say buy the rumour and sell the news IOTA is doing ABC zigzag now. Wave A is almost finished, expecting a bounce soon to complete wave B and then a final 5 waves down to finish off C leg.
I see a triangle with an exit to the resistance zone, so I can assume that a double top is formed which can lower the price to the support zone
Updated idea for iota pair. The border of the pattern has expanded, and there is convergence. We are also on the border of the local microtrend. From here you can go on an aggressive strategy, a conservative trigger will break the boundaries of the flag
Ascending channel. Divergence. A clear pattern of the flag. Andrews ' pitchfork. Go to the breakdown Subscribe and put Likes
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