📈IOTA Analysis: Short and Long Opportunities in Focus💥🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today.
📚While I haven't conducted an in-depth study on the IOTA project yet, it generally operates as a protocol for feeless and permissionless data transfer, actively functioning in this domain. I'll provide more insights into this project once I've conducted thorough research. For now, let's delve into the chart to identify potential entry points.
📈On the 4-hour timeframe, which serves as my primary analysis timeframe for futures, the downward trend is evident, indicating a bearish trajectory. Therefore, with a suitable trigger, we can consider opening short positions. However, initiating long positions on short-term shorts requires higher risk tolerance due to the market's direction.
✨Currently, we are within a support range from 0.2020 to 0.2086, and the price is consolidating within this range to determine whether buyers can maintain this support or if selling pressure will overwhelm them, causing the support to fail. Hence, we need to observe the upcoming developments. If the support breaks, we can expect a target of 0.1719, but if it holds, it may act as a bounce back to the SMA99.
📉For short positions, exert effort to open positions upon the breakdown of 0.2020 and the confirmation of a candle below this level, as this scenario could easily drive the price to 0.1719, offering a favorable risk-to-reward ratio. However, if you're considering long positions, patience is required until the price surpasses the SMA99, followed by identifying a trigger from the candles. The nearest trigger is at 0.2328, but as we're against the trend, consider securing profits at a risk-to-reward ratio of 2 or 3 and leaving some room for a target of 0.2599.
📊Currently, the candle volumes do not provide sufficient data due to recent holidays, with low volumes followed by a sudden increase. Therefore, we need to wait for a few more candles to compare volumes effectively. RSI triggers for long positions cannot be specified due to the timeframe limitation, as price movement towards the range high can significantly alter the RSI structure, rendering the triggers meaningless. However, for short positions, you can consider the breakdown of 27.22 as confirmation.
📝In conclusion, the analysis of IOTA presents both short and long trading opportunities, contingent upon market dynamics and price movements. While the current downtrend suggests potential short positions, traders should exercise caution and wait for confirmatory triggers, particularly a breakdown below the support range of 0.2020 to 0.2086. Conversely, for long positions, patience is advised until the price surpasses the SMA99, followed by identifying suitable triggers. It's essential to maintain a disciplined approach, considering risk management strategies and closely monitoring candle volumes for a comprehensive assessment of market sentiment. As always, adaptability and readiness to adjust trading strategies in response to evolving market conditions remain paramount for successful trading endeavors.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
IOTA
IOTA/USDT In the crucial support area, it requires to bounce!💎 IOTA has indeed showcased notable market dynamics recently. It's currently bouncing from a support area, suggesting a potential upward movement to test the supply area.
💎 If it successfully breaks through the supply area, it could pave the way for a return to the strong resistance zone.
💎 However, if IOTA fails to hold the support area and breaks down, it could indicate a bearish momentum.
💎 In such a scenario, the price may continue its downward trajectory, potentially reaching lower levels.
MyCryptoParadise
iFeel the success🌴
IOTA/USDT It need to bounce on the demand for back to upward!💎 IOTA has recently experienced significant market dynamics, potentially leading it back to the demand zone for a retest after facing a strong rejection from the key resistance area.
💎 If IOTA manages to bounce convincingly from the demand zone, it could signal a resurgence in bullish momentum. This bounce might pave the way for another attempt to break above the key resistance area.
💎 A successful breakout above this level would confirm a bullish trend for IOTA and could facilitate a move towards our target area.
💎 However, if IOTA fails to find support at the demand zone and continues to decline, the next significant level to watch is the support area. In this scenario, IOTA must bounce from the support area and reclaim the price above the demand zone to sustain any upward momentum.
💎 Should IOTA fail to bounce from the support area and instead break below it, it could indicate further downside potential for the price, with the possibility of continued downward movement.
iota to the moonwell guys, i saw lot of news about Iota , with xrp and xlm. i think this coin is needed in my portfolio, will be needed in the future. banks will use it and people will use it.
every time when the coin is in theirs bottom, at 0.30-0.40$ , after that it has a big pump. firt y me happened in 2017 from 0.30$ to 6$> then in 2020 from 0.40$ to 2.5$>
now is at 0.40$ i think first will go to 0.6-0.80$ if surpase that, will go to the moon.
Iota what is this?well guys, what is Iota.. im noy sure yet but i saw news about one universoty that will be use Iota, so i searched more and more. and i found this chart.
ehat i see in the chart is a cup and handle pattern.
i will wait for the brake.
yesterday i sold Limewire i had a 9x
not totaly sure if i made the good choise but even if it goes higgher i had my 9x
Alikze »» ZIL | Ziliqa is breaking the descending channelIn time W1 and D1, after forming a floor in the area and collecting liquidity in the area of 0.38 Fibo, it is currently exiting the descending channel. With the support of the range of 0.02440, in the first step, the ability to reach the supply zone is determined, which will be provided for the continuation of the upward trend of the currency in case of the failure of the path zone.
🟩Sup:0.02440
⛳️Tp1 : 0.049
⛳️Tp2 : 0.07320
⛳️Tp3 : 0.08545
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Alikze → #IOTA | Forming a bullish flag patternIn the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the specified targets.
🟩Sup: 0.19 ~ 0.1963
⛳️Tp 1:0.293
⛳️ Tp2 : 0.39
⛳️ Tp2 : 0.44
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IOTA target 21D time frame
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IOTA is creating a standard and strong accumulation zone, this bottom ranges from 0.15~0.35. Currently, IOTA just gets rid of the bottom and starts retesting it, price action is critical in near future to check the strength of breakout. If IOTA can keep being supported from 0.3~0.35, it will pump soon and final target is 2.
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Target: 2
IOTA/USDT: Bullish Signals Emerge!BINANCE:IOTAUSDT is showing promising signs for a potential price surge. The current trend suggests a bullish breakout pattern forming with three key stages:
Resistance Break: We've already witnessed two potential breakouts around the $0.3725 resistance level.
Pullback: A price pullback is likely, potentially dipping to the $0.3500-$0.3600 range. This is a normal and healthy consolidation phase after a breakout.
Break Confirmation: The final confirmation comes when the price surpasses the previous high and a one-hour candle closes above that level. This signifies a successful breakout and a potential entry point for a long trade.
Trading with the Trend:
This analysis suggests a potential opportunity for a long trade if the breakout is confirmed. However, remember:
This is for informational purposes only and not financial advice.
Do your own research before making any trades.
Consider using stop-loss orders to manage risk.
Good Luck
IOTA LOOKS BULLISHFrom where we have written "START" on the chart, a new pattern has started, the waves A and B of this pattern have ended and we have entered the bullish wave C.
By maintaining the green range, it can go to the targets.
We have a high liquidity pool, and the first target is to sweep this pool.
Closing a candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alikze »» DYDX | Ready to defeat the dynamic triggerAccording to the previous post after the target touch. Currently, with the support of zone 3.13, it is possible to break the dynamic trigger and advance to the first supply zone, after which it will be able to reach the next supply zone. But according to the type of behavior and structure, higher floors and ceilings, and rising guard, it is ready to defeat this trigger.
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IOTA prediction, Price target ---> 0.57$?BINANCE:IOTAUSDT
Hello dear traders.
As you can see, the price has jumped higher after attracting support in the indicated area, contrary to the bearish scenario predicted by some traders.
The price is now in an upward rally and there is no specific price resistance up to the $0.57 level.
If USDT.D continues its neutral or bearish trend, Bitcoin and other altcoins can rise further.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
IOTA (IOTAUSD): Awaiting Weakness with 800% PotentialIOTA (IOTAUSD) : BINANCE:IOTAUSD
Analyzing IOTA , a cryptocurrency that saw a significant decline following a successful bull run, losing up to 94% of its value, we're now eyeing a potential 800% increase from its all-time low. With the completion of the overarching Wave II at 13 cents, we anticipate the start of a bullish cycle.
Having wrapped up the initial Waves (i) and (ii), we're now entering Wave (iii), poised for a substantial ascent. Our projections set a target ranging from $0.58 to $1.06, marking a nearly 100% increase from current levels.
Our analysis involves the formation of a 5-wave structure, leading us to expect a currently smaller Wave (3) in black, which could peak around 34 cents at the 161.8% extension level, with possible extensions up to $0.48 at the 361.8% extension level - indicating an impressive surge.
Therefore, our immediate focus is currently on the $0.34 mark. In the event of weakness in the price, we have the opportunity to position ourselves for a potentially good entry in Wave (iv).
IOTA Foundation Partners with WEF and Global Trade LeadersThe IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) has allied with leading global entities to embark on an ambitious journey that promises to reshape the landscape of international trade. This strategic partnership, which includes the World Economic Forum, Trademark Africa, and the Tony Blair Institute for Global Change, is poised to address the age-old inefficiencies and opacities plaguing global trade through the groundbreaking Trade Logistics Information Pipeline (TLIP).
Revolutionizing Trade with TLIP
With TLIP, the concept of physical stamps on trade certificates is gracefully retired. Instead, it stands for a digital counterpart that ensures documents remain irrevocable. The immutable nature of IOTA’s DLT offers an unassailable assurance that once a document is authenticated, it cannot be altered, creating an unbroken chain of accountability.
The Power of Distributed Controls
A critical feature of IOTA’s technology is its distributed controls, which allow trade actors to manage their data and grant access permissions autonomously. With this, the TLIP can preserve the decentralization ethos of the free market. This approach negates the need for a centralized platform, annihilating the risks associated with data consolidation.
Forging a Collaborative Governance Structure
In the WTO’s 13th Ministerial Conference in Abu Dhabi, the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and its partners made a commitment through a Collaboration Agreement. The essence of this agreement is to foster a collaborative and impartial governance structure for TLIP. This inclusive framework invites stakeholders to co-design the digital future of international trade
The TLIP is underpinned by open-source technology, which ensures that all participants, regardless of their size or sector. Further, they all have equal access to the digital infrastructure. The goal is to create a non-profit, interoperable ecosystem to serve as a foundation for companies to build commercial models. Also, to power applications that add value to the entire trade process.
The partnership between the IOTA Foundation ( SEED_DONKEYDAN_MARKET_CAP:IOTX ) and global trade leaders is more than just a technological alliance; it’s a beacon of change for the international community, signaling the dawn of a more efficient, transparent, and collaborative global trade environment.
IOTA Network Finds Surge in NFT Activity
As per the IOTA explorer, a significant increase in the creation and transfer of NFTs is observed, especially in recent months, peaking in February. This uptick indicates a growing interest in and usage of the IOTA platform for NFT transactions.
Further, there’s been a noticeable spike in active addresses, suggesting a heightened activity that could fuel the IOTA price. This could reflect a burgeoning user base or increased transactional activity, possibly driven by the NFT market activities.
The ledger size is gradually increasing, a sign that more data is being stored on the IOTA network. This growth is crucial as it shows user adoption and network utility. A larger ledger signifies that more information is being secured on the IOTA Tangle. Thus, it points to its viability and robustness as a data management system.
IOTA/USDT Keep an eye, If breakout is success, Back to upward!💎 IOTA has recently displayed significant market dynamics. Currently, IOTA remains in a sideways trend after reclaiming the demand area.
💎 There are two potential scenarios: either IOTA breaks out of the bullish flag pattern without retesting the demand area, or it undergoes a retesting phase before breaking the pattern.
💎 In the event of a successful breakout, we could witness a significant upward movement, probability leading to a retest of our target strong resistance area.
💎 However, if IOTA retraces back to the demand area at $0.23 - $0.22 and breaks below it, the price may resume its downward movement. The next key level of support would be tested, and if it fails to hold, the price could decline further. In such a scenario, IOTA might revisit the strong support area for potential stabilization.