IOTA/USDT Binance (hr) Doward pressure from BTC. I see the price action testing around 90-72 CENTS. Possible head and shoulders pattern. Not financial advice. DYOR.
IOTA
IOTA (MIOTA) - May 29Hello?
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(IOTAUSD 1W Chart)
(1D chart)
The 0.70762957-1.29319710 section is an important section and it is important to get support as it rises.
To break away from the short-term downtrend line, we need to see if it moves above the 1.31143737 point by around June 2nd.
If support is found at the 1.31143737 point, it is expected to turn into an uptrend.
As I said in the BTC price chart, most charts currently do not form a proper sideways zone.
Under these circumstances, if the price of IOTA rises above the 1.31143737 point and finds support, I think it is likely to move up quickly.
An upward break above the 1.71207698-1.91239677 zone is most important to continue the uptrend.
If you fall from the 0.70762957 point, you can touch the 0.10951858 point, so you need to trade carefully.
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(IOTABTC 1W chart)
It remains to be seen if it can rise above the critical point of 3725 Satoshi.
(1D chart)
It remains to be seen if the 2667 satoshi-2889 satoshi section can support and rise.
If it falls from the 2667 Satoshi point, Stop Loss is required to preserve profit and loss.
However, you need to trade carefully because you can touch the 2489 Satoshi-2566 Satoshi section and rise.
In order to turn into an uptrend, it needs to rise above the 3208 Satoshi point and find support.
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It is advisable to trade at your average unit price.
This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that ultimately correspond to the profits can regenerate the profits.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
IOTA/BTC - higher low & V shape recovery?Everywhere is blood on the streets, but it seems like it cannot get worse than that. We have a strong bullish hidden divergence playing out with a higher low while RSI is at 34 for yesterday. MACD could converge from here again. There is a high chance that we do climb up from here without seeing these lows again. The question is how quickly we can reach our previous high again.
Aiming to reach the 3600 Sats mark (Mid Band BB) again.
IOTA - RSI low, extreme fear offers opportunityThe FUD around crypto is hitting hard. The market has not been this oversold (RSI on the daily) since March 2020. 75% price loss from the peak is a pain for people who came in late and I hope this will not scare away newcomers. However, for others this is a great opportunity to enter the market who before argued that prices were too high.
We broke a critical support at 1.70 and from there it was a free fall to the current support at around 0.68 and currently we are trading at 0.76. The crypto market is ruthless and we might see another leg down, but I also see a great recovery coming as history has it proven to us many times. It is interesting that less volume has moved the price much more down then it did beginning of Feb on the way up.
One thing has not changed at all during this sell-off - the technology.
This is no financial advice.
Happy trading!
Every CUP needs HANDLE, just like HEAD needs SHOULDERS..Be the innovator, skip trading - remember your LONG term goals, and passion just from a few weeks ago!
Dimond hands, regards price action...
IOTABTC - confirmation of 21 MONTHLY EMA - Bullish!The longer the range, the stronger the support/resistance. This one is of an epic proportion. Short moves will get you confused. Remember, why do you invest in IOTA in the first place. If this. monthly holds, you might. look deeper into fundamentals ;)
IOTA - TWO SCENARIOSI'm now scalping long up to $2.25 - further price action will be observed in this topic.
Currently locked in medium term bullish pennant, price will most likely re-test both of the resistance/support levels number of times until breaking out.
Two scenarios presented in green and red.
If interested in my point of view, comment and follow the idea.
#IOTASTRONG
MIOTA IOTAUSDT going longIOTA is breaking out after retesting the 50D EMA three times in a month. As long as it reminds above the 100D EMA it's a healthy buy set up.
Exit target can be set anywhere to 100% gain.
IOTA/USDT Binance (2hrs) Bouncing off support. Tomorrow I feel like IOTA starts making some surges and quick pull backs to support depending on BTC movement. Keeps reaching previous volatile levels in an uptrend. Lets see what bitcoin does through this nigh. Not financial advice. DYOR
IOTA Buy SetupIota is showing bullish signals with this formation of a symmetrical triangle, looks like a bullflag though on the weekly chart
this is very bullish
ATOMUSD Cosmos start to rise again.The advisor MarketMiracle generates an entry signal for ATOMUSD at price 22.91 USD with a target price of 25.66 with a potential profit of 11,99 %
Analyzing the graph this could actually come true in fact there are no particular obstacles in front of the price and the upward thrust identified by Miracle Viewer seems to become increasingly consistent, the goal is not so far.
This idea is based on a signal generated by the advisor Marketmiracle, scroll the page to find the link to the free page of the signals of the advisor that you can consult without any cost and without registration.
IOTAUSD a small step forwardThe Marketmiracle advisor generated an input signal for IOTAUSD at a price of 2.00 USD with a target of 2.12 USD for a possible profit of 6.05
The graphical situation is compatible so I actually expect this price increase, which in my opinion is underestimated, I think that IOTA will continue to grow beyond the target.
This idea is generated on the basis of a signal of Marketmiracle, scroll the page down for the link to the signals in real time of the free advisor.
IOTAUSDT been too greedy in a bear marketBeen overbought during Eth crash? welp
SL: 1.9136
TP: 2.2589
Simple as usual
IOTA - The sleeping giantIOTA has a very healthy performance compared to other cryptocurrencies. Although the exponential growth is still missing here, the coin is developing slowly and steadily upwards. IOTA has a stable trend channel that withstands even major corrections in the crypto market.
Apart from the technical analysis, the IOTA project has a promising fundamental basis due to the many partnerships with large companies.
Of all the cryptocurrencies, IOTA is one of my favourite coins. Definitely long!
