At the moment, the price has nothing to do, and this is a strong sign of the bullish trend. Difficulties come with reaching the strong resistance (1.00USDT)
The currency is stable for now, and the developers have nothing to fear. I bet in this currency, and I expect a positive profit. :)
And do not forget to trade at your own risk. The market is in part quite...
As you can see, even after yesterdays dump IOTA maintained its channel. This is a great r/r with a very solid, several times tested channel.
Always remember to set stop loss.
Safe trades!
On the 1h there is a very clearly defined ascending channel. As with all channels, you can rather safely trade them long or short depending on where they should bounce, with a very tight SL.
Safe trades.
IOTAUSD focus on 4H chart:
First,double Heads & double Shoulders pattern, with the right side mutiple higher lower, which leads to right side ascending triangle or symmetrical triangle.
Plan:
If break 0.5750 ( also in the daily chart, happen to break 12EMA at the same time), target at 0.6797 ( first resistance also 12EMA daily resistance).
or may can hold it...
IOTA has seen a lot of dumps lately. After its low a few days ago, it started recovering fast, and managed to form a very clear channel on the 4h. It has been great to scalp it, and would be about to give a great entry (as marked by the arrow at around .485), but as all alts it is following BTC, so be wary of your stops in case the king decides to dump hard as it...
My idea is to buy around $.40 in a couple weeks, sell around $.85-$.90 next month
I'm basing this price prediction based on the bitcoin chart, and a prediction that bitcoin will touch 5000USD and retrace to 6800USD next month.
What do you think of IOTA? Please share your ideas below.
