PSA: Beware of "Zombie Chains" - ETC, MIOTABitcoin, Ethereum, and most of the projects out there have never had their protocol compromised. There are a few exceptions -- the biggest ones being Ethereum Classic (ETC) and MIOTA. ETC had their protocol compromised by a 51% attack, MIOTA's system is most likely not even a real blockchain, after being audited by the MIT Technology Review. But we call them "zombie chains" because the blockchain allows for these projects to persist, even though it's dead.
IOTA
IOTA rising slowly with no signs of exhaustionIOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation.
IOTA overall is a project I wouldn't trust and I'd put it in the league of XRP and some others. I don't think it is functional, but somehow it also has a following behind it and its development team is very active. Anyways, price says up, so up!
IOTAUSDT, Will go high very soon?Hello traders, like always everything is clear on the chart for you. So consider and monitor the price behavior in the circles. It needs to try again to break the resistance zone for growth. Good luck.
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IOTAThursday, 29 April 2021
18:41 PM (WIB)
IOTA still on consolidation move same as other Crypto's movement today. After reached the highest point as Resistance and touched the lowest point as Support, the price break out from triangle symmetric, and almost similar with Litecoin, XRP, Band, Polkadot, the structure patterns price has break out from descending symmetric triangle. All of the movement, is really depending with Bitcoin. Until now at least.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTA - target projection 2.7 - 3.2 USDTechnical: 3.2 USD is still not off the table, although the pennant broke to the downside. We bounced strongly off the lower Bollinger Bands targeting the topper band again. Extension would lead to a new high and cross on MACD. When comparing Iota to Bitcoin , we have experienced a much stronger growth on Iota's side recently. We are bouncing off strongly from the support at 3500 Sat, which has been the resistance for almost 2 years now. Currently, the price is at 3900 Sat and moving upwards again. Bullish divergence could drive the price much higher while being support by 20-day EMA . Touching the new resistance at 4300 should be likely, if not breaking through in the coming weeks on the way to the next strong resistance at around 5400 Sat.
Fundamental: Chrysalis part 2 will be released tonight. NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. The energy consumption of Iota is by far less than what it takes to transact Bitcoin - around 5 million transactions one could do for the same energy it consumes for a Bitcoin transaction right now (1 Iota transaction uses 0.112Wh). The confirmed TX after the Chrysalis update can reach 1000+ TPS . Furthermore, since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy.
This is no trading advice.
Good luck!
Use Cup and Handle Pattern formingI've notice a huge potential Cup and Handle pattern in the making on the IOTA/EUR pair. But this pattern also can be pointed on the IOTA/USD pair.
However the cup and handle pattern dit not formed yet, but if it will i expect a potential upwards movement.
The timespan however is quite big. From May2018 till April 2021. But its just an idea for people who want to invest in IOTA for the long term.
IOTA (MIOTA) - April 28Hello?
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(IOTAUSD 1W chart)
(1D chart)
You should watch for any movement that deviates from the 1.91239677-2.51335617 section.
In particular, we have to see if we can get support at 2.03351702 and rise above 2.33285479.
If it falls, we need to make sure we get support in the range 1.71207698-1.91239677
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls at the point of 1.2319710, a Stop Loss is required to preserve profit and loss.
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(IOTABTC 1W chart)
(1D chart)
3555 Satoshi-4221 You should watch for any movement that deviates from the Satoshi section.
If it falls, we need to make sure we get support at the 3886 Satoshi spot.
2667 Satoshi-2889 If it falls in the Satoshi section, Stop Loss is required to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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 money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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: Market price at the time of opening
(Example) Gap (G1-G2)
IOTATuesday, 27 April 2021
22:55 PM (WIB)
The bearish movement on IOTA was very huge and mostly with high determination to create Resistance and Support. Now I know where is the S/R. But know the price trading in the middle of the ascending channel. Following the time frame, the lower movement will be need to create very strong base ground support.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
🆓MIOTA/USDT Map (27/4) #IOTA $IOTAIOTA is increasing quite strong and is heading to 2.4$ or even 3$. But I think it's still early to reach 4$ zone
📅NEWS
👉Apr 28 : Network Update
📈BUY
-Buy: 1.95-2.05$. SL B
-Buy: 2.35-2.45$ if A. SL B
📉SELL
-Sell: 2.35-2.45$. SL A
-Sell: 2.95-3.05$. SL A
-Sell: 3.8-4$. SL A
♻️BACK-UP
-Sell: 1.95-2.05$ if B. SL A
-Buy: 1.56-1.64$. SL B
❓Details
🕯Timeframe : 1D
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
IOTATuesday, 27 April 2021
10:59 AM (WIB)
What is IOTA?
IOTA is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.
IOTA’s Tangle is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer.
Next Generation Data and Value Exchange. New Economies and Possibilities.
No blocks. No Miners. When you send an IOTA transaction you validate two other transactions. This allows IOTA to overcome the cost and scalability limitations of blockchain.
The IOTA network is built to for the Internet of Things, with tamper-proof data, feeless micro transactions and low resource requirements.
IOTA is posed to play a central role in the next industrial revolution, enabling economic relationships between machines and bridging the human and machine economies.
The Tangle is IOTA's network. It immutably records the exchange of data and value. It ensures that the information is trustworthy and cannot be tampered with nor destroyed.
www.iota.org
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTAUSDT Trendline breakoutIOTAUSDT (1H CHART) Technical Analysis Update
Trend line breakout
IOTA/USDT currently trading at $1.98
Buy-level: $1.92- $2.00
Stop loss: Below $1.80
Target 1: $2.15
Target 2: $2.28
Target 3: $2.45
Target 4: $2.60
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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BTC/IOTA long-term resistance has become supportBTC/IOTA
Technical: Unfortunately, the pennant from the previous analysis broke to the downside while the entire crypto market fell sharply. When comparing Iota to Bitcoin, we have experienced a much stronger growth on Iota's side recently. We are bouncing off strongly from the support at 3500 Sat, which has been the resistance for almost 2 years now. Currently, the price is at 3700 Sat and moving upwards again. Bullish divergence could drive the price much higher while being support by 20-day EMA. Touching the new resistance at 4300 should be likely, if not breaking through in the coming weeks on the way to the next strong resistance at around 5400 Sat.
Total BTC Dominance is currently at around 50.5%. It could bounce here probably leading to another test of the new support at 3500 Sat.
Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. The energy consumption of Iota is by far less than what it takes to transact Bitcoin - around 5 million transactions one could do for the same energy it consumes for a Bitcoin transaction right now (1 Iota transaction uses 0.112Wh). The confirmed TX after the Chrysalis update can reach 1000+ TPS. Furthermore, since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin. The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy.
This is no trading advice.
Good luck!
MIOTA Took Support At $1.55, Now Heading Towards $2.50IOTA price traded at $1.70 with a loss of 15.48% in the last 24-hour and 28.69% in the weekly time-frame. Furthermore, IOTA price bounced from the support of $1.55. In contrast, the market capitalization stands at $4.81 billion. Technically, investors can perceive a negative crossover in the EMA for a short while, and the price is below the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $2.50 in future trading sessions.
Resistance: $2.50
Support: $1.55
IOTA - pennant formation leading to 3.2 USD?Technical: Iota is forming a pennant clearly visible on the 4-hour chart. This indicates in most cases a continuation move which could lead us to 3.2 USD. It may seem irrational, but taking into consideration what happened during the last weeks I think it is possible. MA-120 and MA-250 are providing great support. I would only reject this hypothesis, if we break through the MA-250 and close below.
Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy.
This is no trading advice.
Good luck!