IOT
IOTA - Short Price Decline - Subsequent PumpIOT should be comfortable testing the $5.00 price line (IOTUSD) until a confirmation in either direction confirms. Currently, RSI, MACD, MAs support price decrease, and this is even further supported if the resistance at $5.00 holds up for 1-3 days longer. If we land at ~$5.25, there should be a price increase, and given the On Book Volume there would be a massive price increase if the volume begins to take off. If we stay above $5.00 but under $5.10, we should see some more flirting with the $5.00 price line and need more confirmation.
Should IOT stay below the $5.00 resistance while increasing in volume, I wouldn't wait for a drop much larger than $0.25 before buying into a mid-term pump.
Bollingers are showing that the current price is overvalued by almost 2 standard deviations, thus supporting at least a small price decline (1 current standard deviation = ~$1.00). Ergo, if downward movement begins, it's not unreasonable to expect a ~$1.00 price decline for a buy opportunity of ~$4.00 (depending on what the "new" Current Standard Deviation is equal to).
Overall, IOT should see another massive growth pump within 10 days, but it depends on how the next couple days shake out.
I'm cautiously buying IOT at it's current price, only if it drops to ~0.000282 BTC/IOT, but I'm hopefully awaiting a price adjustment(s) to ~$3.50-4.25 in order to buy more before the next takeoff (approximately 0.000262 and 0.000235 are future targets if decline is triggered).
Words to the wise: BTC is in a downtrend, but it is starting to show signs of breaking back upward--and we know how quickly it goes up. Take ANY Altcoin advice you are reading with TWO grains of salt. I do not advise risking more than 5% of your BTC on IOT at the current price (because the downside risk is larger than upside), and I certainly don't advise trying to buy into Alts while BTC is low. Yes, you may come out on top of very few coins that essentially "magically" move up alongside BTC pumps, but the reality is that you are almost guaranteed to lose BTC if you buy Alts just before a BTC pump.
My stop losses would be reflective of BTC price movements upward to over $17.5k if risking 5% of my BTC.
Cheers, and good luck on your trades,
-Jordan
P.S. Please like or share if you found this analysis useful, and don't hesitate to leave me a direct message or comment on this Idea if you found it interesting, have more questions, or think this is entirely too wordy for what people are looking for--sometimes I enjoy hearing myself type more than a regular human being...
IOTA did it again and bounced bullishly from my TL YEY!IOTA did it again and bounced bullishly from my TL YEY! What do you think, will it keep going up? My personal opinion, IOTA being an IOT based invention is a powerful technology and Tangle which people consider as next-gen blockchain is a powerful on its own, I personally think IOTA will continue up... its my only opinion, I am not an financial advisor.
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IOTA. Correction could be over. Target 5.8-6.5IOTA got hit with a deep correction below 78.6% Fibonacci retracement area.
The previous top and trend channel upside could be the minimum target area (orange ellipse) between 5.8 and 6.5.
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
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.
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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.
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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.
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IOTA Lags After Prolific BreakoutIOTA has consolidated around the psychological $4 level, as it clarified news about a partnership with Microsoft yesterday. While some retracement was likely, we will see how much investors weigh the relationship with Microsoft as IOTA either breaks out from this dragon head pattern or retraces further. The next level of support is a Fibonacci level of $3.25.
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Upcoming IOTA breakout!One of the clearest triangles I've seen in the past couple of days (XRP was also very clear). In my opinion this is the best moment to buy, you'll regret it if you didn't.
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?
SEE THE BIGGER PICTURE :)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 :)
Parabolic Support line IOTAAfter a big decrease in value of IOTA, it looks like it's growing again. If it continues like this, I think IOTA will reach a new peak.
For daytraders, scalping with $IOTA $IOTBTC $BTCIOTA in good time to scalping, high volatility
if you wannt buy and HODL, this is time
IOTUSD downtrend parallel corridorThe last some days we saw 8x IOT to USD pump, so probably it's time to have a downtrend pricing... This situation does not fit to traditional Fib retracement, but who knows.. If price will move within the corridor we can enter at 2.9 USD approx.
So good luck all of us)
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.
