IOTA
IOTAUSDT - Far level retest.The price is returned for the retest level - the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
IOTA Buy the Support.IOTA - Intraday - We look to Buy at 0.2471 (stop at 0.2428)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look to buy dips.
Dip buying offers good risk/reward.
Pivot support is at 0.2450.
We look for a temporary move lower.
Our profit targets will be 0.2595 and 0.2669
Resistance: 0.2570 / 0.2600 / 0.2660
Support: 0.2530 / 0.2500 / 0.2460
IOTAUSDT: Possible Long (09.11.2020)On D1, the RSI reached the oversold level, after which the price formed an initial upward impulse.
On H1, the RSI also reached the oversold level, indicating the end of the local correction for the first upside impulse. Also, the price found support at the Fibonacci level of 38.2% (mirror level of 61.8%).
We recommend buying IOTA in order to hold the position above $ 0.35.
IOTA ready for an impulse?I kind of feel like something is brewing here on IOTA from a market structure point of view.
Its a bit of a long term call but its building sweet structure on the higher time frames for 2 really good impulse moves.
1. A break above the current resistance will see us free of a lot of market structure an possibly see a big push to 2 significant supply blocks.
2. Another rejection at this resistance level will see a possible break in trend as short sellers come in to push momentum down back to the previous pivot low.
Im going to play this one on 2 accounts for a hedge, I'll be opening a long on trend next time it comes close and then keeping an eye on it pushing through resistance, if it breaks trend ill pull the pin due to invalidation.
When it gets to resistance again ill be opening a short on a second account and waiting for the break in trend, if it breaks above resistance ill close the trade due to invalidation.
will update when we get some action.
IOTA Rising Wedge ShortMeasured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line.
If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.