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IOT

IOTA Bull Wedge PatternIOTA continues to disappoint, still struggling with the central moving average of the KRI at $1.96. It currently sits at $1.88, however, which is forming the upper bound of a bull wedge pattern. Volatility in this coin has consolidated substantially, as evidenced by the width of the upper and lower bound of the KRI, suggesting that we might expect a breakout soon. The corrective phase of the Elliott Wave has lasted since December, supporting the case for renewed momentum. If we continue to face resistance from above, we'll see support from levels at $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone. 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
Iota VS Bitcoin Expected Upside TargetFollowing the previous idea on Iota VS Bitcoin , it went higher as expected breaking above the descending channel. But the question is how far more it'll go? After breaking above the channel IOT/BTC corrected down to 71k satoshi and almost immediately went up to 448k satoshi. Fibonacci applied to the corrective wave after the breakout shows that price broke the 727.2% resistance level and corrected down sharply. The correctional wave stopped at 4/1 Gann Fan trendline, that is 17.5k satoshi support. The consolidation period followed and this weekend price rejected the 200 Moving Average, suggesting that Iota is ready to go higher. The next Fibonacci resistance is at 827.2% retracement level that is 476k satoshi and this is where the expected upside target is. The support remains at 17.5k satoshi, and there is a possibility that it will return back to this support, perhaps spiking lower. But in any case, price is expected to grow and high the upside target in the short to medium term.
Long
by CryptoPAMM
3
IOTA VS Bitcoin Uptrend ContinuesAfter reaching the btc 0.00044 high, Iota almost immediately has corrected down to btc 0.00017, losing 60% to the Bitcoin. Following consolidation between btc 0.00030 and 0.00017 is going on now for nearly two months.  IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level, occurred last week, the 8/1 Gann Fan trendline has been rejected cleanly as well.   This could be first signals of the end of consolidation period and continuation of the long-term uptrend. The price is certainly attractive for buyers and least for the short term investment. The first resistance is at 23.6% Fibs that is btc 0.00035 level and should play the key role in further price development. Break above it should confirm the long-term uptrend, while the rejection could prolong the consolidation period.
Long
by CryptoPAMM
2
IOTA still getting clawed at by the BEARS!IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH. We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan. This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of buying pressure to get us to break to the topside. This is crypto and anything can happen so it pays to be prepared. We will wait to see what the market does before going long or short on the IOTAUSD markets. Immediate support is at $2 - $2.2 and should that support level fail, I would expect the bearish trend to continue and consolidate into the $1 zone. Resistance is at $2.4 - $2.6 and the bulls need to get above that to test the $3 resistance zone. Should we break through $3 it will be smooth sailing to the $4 zone. Follow and share if you like my trading advice, feel free to discuss this trade with our crypto trading crew.
BITFINEX:IOTUSD
by saintbitcoin
IOTA RangesIOTA also has been stagnating, though the price action has dropped more so than other cryptos, confirmed by both Kovach Momentum Indicators. We have remained below the lower bound of the KRI for the duration of the week. A sequence of higher lows on the day candles provides a glimmer of hope for investors eager for a breakout, though trading the mean reversion between $2.35 and $2.60 has proved profitable as 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:IOTUSD
by quantguy
IOTA Crashes Through SupportIOTA has been hit particularly hard by the bear run in cryptos. Currently, it is finding support at a Fibonacci level at $2.14, bouncing back to $2.24 or so at the time of this writing. It has careened through the lower bound of the KRI, now well above current prices at $2.70. From above, we will have to test $3.25 before testing the central moving average of the KRI at $3.67. If we break past support at $2.14, the next level of support is a Fibonacci level at $1.45. Although we appear to be in wave 2 along with most of the other cryptos, we are wrong if we break lows around $1.25. Both long and short term Kovach Momentum Indicators confirm we are in a bear phase. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
IOTA - correction not done yetIOT/USD 4H Being in an expanding wedge, we're currently in the making of the subwave 4 of c. I expect price to rise till the marked sell zone ($3.50-3.75). If price proves me right, we should see from there on the start and the final bearish impulse of the overall corrective structure. This could either result in a double bottom or ideally in a lower low till $1.35-1.10 levels. Monitoring the BTCUSD price, as shown in my previous analysis - would be a good idea - as we still have a strong positive correlation showing up on almost all alts. The max. upside levels for BTCUSD are marked on the chart. In the case of a violation, I do not expect price to break $13.700ish (Bitfinex). From there on, a corrective continuation till 8k levels would seem possible. Safe trades!
BITFINEX:IOTUSD
by BudBronson
3
IOTA WhackedIOTA has definitely broken its ranging streak, unfortunately to the downside. We have smashed through levels in the $3 handle, to find support in the lower $2 handle, a Fibonacci level at $2.12 to be specific. It still appears that we are in wave 2, a minor corrective segment of the Elliott Wave. We must reconsider our rendition of the corrective phase if IOTA can manage to blast through to the $1 handle and make new relative lows. Fibonacci levels at $3.25 ad $4.36 seem light years away at this point. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
1
IOTUSD Iota could possibly break out of this consolidation we've been stuck in since that ATH in December. Unfortunately it does not move independently of BTC and every drop affects Iota as well at the moment. The more market share BTC loses the better this is for other coins as it will provide more stability. More pairs and exchanges will also contribute to this. Iota still has a lot of potential. At this price point it can be considered cheap when looking at the long-term developments.
BITFINEX:IOTUSD
by Tycho120
1
IOTA Still RangingIOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. The upper and lower bounds are of the KRI are beginning to contract sharply, which indicates a breakout soon. On the downside, it will find support at the lower bound of the KRI at $3.02, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI at $4.62, the psychologically significant $5 mark, and a Fibonacci Extension level at $5.06. 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
IOTA RangingNot much has changed since yesterday. IOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. On the downside, it will find support at the lower bound of the KRI at $2.84, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI at $4.94, the psychologically significant $5 mark, and a Fibonacci Extension level at $5.06. 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