Iota descending triangle. Next support 0.18cIn my opinion Iota will touch the next support of 0.18c in the next few weeks. The volume currently is very low so let's see if the support will hold. None the less I will be accumulating at these levels.
Iotausd
IOTA: Time for Bulls to break out Today, Id like to mention IOTA (IOT). Recently, A new partnership has been announced by the IOTA Foundation with RIDDLE&CODE, a blockchain-based hardware and software company. This collaboration is set to facilitate transactions on IOTA Tangle, of which will be autonomous machine-to-machine. In simple words, 5 years from now, in new intelligent factories, the robots communicate over the tangle with an RIDDLE&CODE chip inside, paying the supplier piece by piece and delivering real time information over the tangle to optimze the process. How will that influence CryptoMarket?
A decent rise has been seen for IOT/USD. Gains wasn't that big but of 9%. The price managed to receive much needed support, from a lower trend line. This is actually part of a larger bearish pennant pattern formation. Well, Bulk sell-off has been taking place from 7th November, as a result having lost over 50% over this period. Price action has stabilized, after forming a bottom area around the $0.2600 territory. A narrowing has been seen, as a result forming the mentioned pennant. Given current price behavior, it does suggest a breakout could be right around the corner.
Immediate resistance should be noted at the upper trend line that has formed this bearish technical set up. This can be seen tracking around $0.2950. Should the bulls manage to breakout from this? There isn’t much in the way of resistance until $0.4400 area, where the price consolidated briefly between 14-18 November, before resuming drop.
Trade with caution and on your own risks. Good luck!
Potential bullish movement for IOTAIota appears to be forming an ascending Triangle. This may signify some bullish momentum upward but would need to break across horizontal resistance at above ~.32 cents. If Iota manages to push up above that resistance, I expect to see upward movment to at least .41cents however I would not be surprised if bullish momentum is able to push past that up to nearly .50 cents.
IOTUSD: 1st target hit. 2nd projected towards the end of JanuaryTP = 0.3200 hit as the 1W Channel Down (RSI = 34.160, MACD = -0.306, Highs/Lows = -0.1732) made a new bearish leg nearly making a new Lower Low at 0.2450. Based on this channel and the Lower Low support (dashed line) we will pursue our final TP = 0.1495, which is projected to be accomplished near the end of January. However due to the highly probable scenario that the crypto market is near a bottom, we are prepared to close that final position (still on profit) if the price jumps above 0.4000.
** If you like our free content follow our profile (tradingview.sweetlogin.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Has Iota found support?This is not meant to be advice. Just sharing my learning experience. I am curious, if ~.27 cents will prove to be moderate support for Iota.
Iota still to drop lowerIota appears to be in both a descending triangle as well as a channel. Iota may find support around .22 cents but I would not be surprised to see Iota test .18 - .20 cents.
Please be aware this is not advice. I'm simply sharing my learning experience to better improve myself.
IOTA/USDThe down sloping 20-week EMA and the RSI in the negative territory show that every pullback will be met with selling pressure. As the support at $0.28 broke, the fall can extend to the next lower level at $0.1427. Still, there is a minor support close to $0.23 levels.
However, if the price recovers from the current levels and rises above $0.4037, the digital currency might consolidate for a few weeks before attempting to start a new uptrend.
I would wait for the trend to change before buying. Not an advice, just an opinion
Break out or break downFirst this is not advice, just sharing my learning experience. If Iota gets a solid movement upwards above ~ .35 I expect we should see movement > .40. On the opposite, if price breaks below diagonal support Iota may fall to the price range closer to .22. Usually an ascending triangle leans more towards bullish momentum however this has failed 2x.
Iota to experience lower lowsWith the diagonal support of the ascending triangle being broken, I expect Iota to test support levels around .22 cents. If this is breached Iota may near ATL territory within the mid to lower teens. Please be aware, this is not advice, simply sharing my learning experience as I practice.
IOTAUSDIOTUSD
Excellent investment opportunity
The price is near the support line of the downward channel .
The fall cycle ends.
IOTA Touched The Main Support at $ 0.32, Next month IOTA BullishIOTA touched on the main support at $ 0.32, and should grow next month.
Recommendation:
Buy at $ 0.32
TP at $ 0.78 or wait for long term targets ..
If Y Wish You Can Watch Crypto Market on Multiple Charts on One Screen on This Site For Free.
www.cryptomarketsite.com
or
www.cryptomarketsite.com
I wish you a successful and profitable trading
IOTA - It's time to buy!The crypto-market shows signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over last days.
Entry Point bellow 0.5 USD;
TP 0.6 USD
SL 0.46 USD
IOTUSD: New Lower Low made. Channel Down intact.IOTA has just priced a Lower Low on the 1D Channel Down (RSI = 34.297, Highs/Lows = -0.0018) and even crossed Augusts 0.4050 low, which was the bottom on the 1W chart (also bearish with STOCHRSI = 28.684). A retrace tp 0.4570 is expected before IOTA finally tests the 0.3200 November 02, 2017 low.
** If you like our free content follow our profile (tradingview.sweetlogin.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
IOTA Full Setup Next Target 61% !!IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels,
Long - 7700 Target Will be First Target 8200 & second 11000.
if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Wait For It.... IOTA/BTC Running Along Strong SupportLook for an upwards movement from IOTA/BTC as the market rallies around end of year bullishness. Currently bottomed out and sitting on strong support lines. KEEP IT SIMPLE!!!
MAKE YOUR MOVE IOTASimilar pattern as bitcoin cash.
Basis, triangle, downtrend channel.
Buy or sell the break out again
If you are on the BTC pair this sideway trendline is the key
BIO
IOTA sitting Silent slightly above Demand zone.Hey! I am back with another Technical analysis, this time looking at longer timeframe on IOTA.
Informative text.
If you are only curious about forecast, go to " Technicals " or " Conclusion"
IOTA has tested known demand zone in august and saw relatively quick 70% gain . But this still wasnt enough as Bitcoin was going pretty much sideways, and IOTA and every other coin has to obey and follow .
The thing is , if IOTA would breakout and see an 300% gain for example, and be at second ressistance point from above, IOTA would be worth only about 2$ per coin , without Bitcoin showing some green moves.
Buyers need to see an good uptrend certainity on Bitcoin for strong altcoins as Ripple, Ethereum and Iota for example to see parabolic or sharp uptrend moves.
This doesnt neccesary mean that Bitcoin has to break 20k level or higher for IOTA to see price above 6$ once again, but it would help a lot, all I am saying is that Bitcoin has to leave the demand zone of 5800-6000 area and continue gaining value to show alts their way.
If Bitcoin sees another crash to 5800 , alts will follow and very likely to see oversold crash bounce as IOTA seen once.
Technicals.
IOTA is showing once again that she likes this Demand zone .
Unsuccesfu l breakout and downtrend has been formed. After this downtrend is broken I expect to IOTA remain silent for about the same time as Bitcoin or show some sharper moves up when Bitcoin starts to move.
Low volume shows that an uptrend is first most likely to happen and after a while IOTA can see another Breakout .
MACD is showing clear trend , and its currently uptrending with MACD giving first week buy signal , still unclosed but on a good clear way.
RSI shows demand still above 30 even after such sellout, found some support and began uptrending , with ressistance getting close to support, sharp move may be ahead . (15-60% at least).
Conclusion.
Uptrend or an impulsive move most likely to happen. IOTA has good Fundamentals and there is no reason for IOTA price to not grow .
Use the ressistance levels as take profit zones , slightly below ressitance.
Thats al l from me, for now. If you agree with this Technical Analysis , consider leaving that " Agree Button " blue , as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
IOTA/USD from 145 to 1050% profit potentialHello!
IOTA is in an interesting position, do you agree?
I singled out all the old goals, new ones are possible.
ITS NOT financial advice!
