breaking the resistance channel will be a signal to buy... it can make a correction after it reaches its target. we can wait for the price to be threw back to the resistance channel.
IOTA had a huge spike in the last 2 weeks, however not even close to the ATH in January! Right now it was blasting in that blue line, but it found a lot of resistance in the upper white line, which in my opinion will be a very critic point, which we will have to pass to reach that ATH! Right know it found some support around that grey line between the two...
IOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average. Stoch RSI is over-bought on the daily chart which also confirms the possible bear run. I expect the price to drop till 1.2148 (fib. 0.618) Here is my trading idea: Short at: 1.31 Take...
In next post -> Buy area and Targets
BITFINEX:IOTUSD has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD has been going down. I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will...
IOTA one of my favourite projects. But unfortunately with the cryptocurrency market value being cut in half we are on a downward trend. First support is at $1.46 but i don't think we will be stopping at this point. It's either going to be $1.23 or $1.02. After the correction be prepared for resistance at $1.90 and $2.37. MACD is in uncharted areas at the moment...
The chart should be self-explanatory enough. In brief, A to current level B to .5x fib C to under .236x Interestingly, during its previous P&D 10D & 30D EMA crossed at .618x, too. There's little reason to believe the bleed will stop, but the opportunity to get out would be when 10D touches 30D (end of B). My mistake in thinking this isn't a P&D...
I've been following IOTA. Unfortunately, it has tried multiple times for breakout to no avail. At this point, it's still trading within the green channel. While I don't rule out the possibility of an iota breakout, this seems unlikely: volume stays low during the latest recovery. volatility has not contracted I think a new milestone / news of some kind...
Iota seems to be at a crucial moment: The mid-term trend line from early November 2017 has caught up & after a fake out of the descending triangle it has been trading within a range. There're two possible scenarios: 1. If it can break out of the range with strong RSI, it can possibly go to the 1.618 extension ($8). 2. If it breaks down the mid-term trend line,...
IOTA/USD - H&S - Wait for break below the neckline. thank you for your likes and comments. you can follow my social media accounts :)
Is Iota about to drop closer to the EMA 50? Or will it rise? It's always hard to tell which way an expansion is going to grow. Ichi moku cloud (not shown here) recently had a TK cross predicting a bearish trend (depending on input selection)
I take on IOTA is that it's in a descending triangle. There have been several rebounds, yet the last one didn't even touch the resistance. Today, IOTA is seeing a small jump. In my opinion, this is a technical rebound (see indicators) from oversold conditions. I think it's likely that IOTA will break down the support to test the original trendlines before...
IOTA gave a green 2 on the 1H chart on Tom Demark count. This is a clear buy signal. This rise happened because of Robert Bosch Venture Capital news: www.huffingtonpost.com First resistance: 4.9 Second resistance: 5.5 I expect the first resistance will be broken easily. If we reach 5.5 area we will get a new all time high because double tops near all time...
The resistance line line is forming together with the uptrend line a Symmetrical Triangle. Watch closely for the price action near the resistance line. When broken, then the first target is around 7.2 $. (at 1,618 fib retracement).
My idea at 1,40 was 97% accurate. I still trust this coin, and don't think that storm is over as it's still keeping 0.382 fib support. After SBTC fork, I expect a big move from BTC to IOTA market, Watch for the breakout of the uppoer resistance line to make sure this is a strong uptrend. Not a financial advice, an idea only. Cheers :)