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IOTA:USD Double Top (Tripple Top)IOTA dubble topped, time for a correction/consolidation. My IDDQD Strategy printed a sharp overbought signal (vertical red stripe). LSMA (white) is on its way down. As well as the IDDQD line (green) resulting as a sell-signal (red dot). Because of the recently printed candle the green IDDQD line looks like a hook. In the live version this isn't the case anymore. The momentum (grey ghostarea) is pretty low and there is nearly no volume at all. Confirmated when the dotted line is broken. First target will be the support area at the .236 fib. Second target, which is less likely because it's still an uptrend is the .382 fib. S/L at 5.2 USD T1: 4.5 USD T2: 3.6 USD
BITFINEX:IOTUSDShort
by Nocturnoz
2
IOTA TumblesThe mighty IOTA has broken down past numerous psychological and technical levels to retest the $1 handle, finally finding support at $1.11 or so. Of all cryptos, it faced one of the most vicious setbacks. This has forced us to rethink our Elliott Wave interpretation, reconfiguring our representation to render yesterday’s price action as the corrective phase. Though IOTA still looks weak, it is likely that we will not see $1 IOTA again. As of this writing we are comfortably ensconced in the mid $2 handle, $2.50 at the time of this writing. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDShort
by quantguy
IOTA BreakoutIOTA has continued its breakout from the dragon head pattern, though retraced slightly. This appears to mark the entry into the second segment of a new impulse wave. We could anticipate some pullback, to $4.37, where we have support from a Fibonacci Level, or to $4.20, where we have some support from the central moving average of the KRI. Either of these would be optimal entry points, and the wave would still be valid if we touched either of them. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
5
IOTA Breakout... As AnticipatedAs noted yesterday in our newsletter, IOTA was indeed coiling up for another breakout as it rejected the central moving average of the KRI, and broke out from the dragon head pattern, testing the upper bound of the KRI before letting up steam. It seems IOTA is a bit ahead of the other Altcoins in terms of the Elliott Wave. It appears to have completed the corrective phase, and has begun the impulse phase of the next wave. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
Bullish Trend / H4 / IOTA - Your thoughts?1. We may go to test the H4 TL. 2. Then we will probably hit the Fib 382 from whch we can continue our bullish ride.Just my personal analysis. Latest announcement from IOTA: “We are building #IOTA research and development wechat group in China. There are 30 ppl from #Alibaba #Amazon #xiaomi #ChinaTelecom #okex #USTC #CAS #BNU #SJTU and other companies and universities. Welcome to join in the IOTAChina development community. @iotatoken”- twitter.com Thoughts?
BITFINEX:IOTUSDLong
by ForexEZ
IOTA - Simple Support & Resistance, Fibonacci. In the past days iota has seen a very large run-up in price, now this tremendous growth often has to come with a bit of sustained correction comma it is unlikely that we will see I hope I drop to previous loads such as under the $2 Mark as the market is currently way ahead of that. We can expect to see the price fluctuate way between $5.50 resistance and the $4 support comma this is a $1.50 range that you can use to play short-term trades comma support lines or supply lines is where you look want to look to be accumulating. Orange - Resistance. Pink - Support. As always tried the lines accordingly.
BITFINEX:IOTUSD
by thomasfar6
4
IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing. Orange - Resistance. Pink - Support.
BITFINEX:IOTUSDShort
by thomasfar6
2