IOTA
IOTA: 0.3500 as Strong Resistance and How to TradeIt looks like the price will reach 0.3500 resistance zone. It is a strong resistance that could stop and reverse the upward movement at the beginning of 2020. After that, we saw a strong downward movement.
This time, we can expect a pullback toward MAs with 20, 50, and probably 100 periods. But I think the buyers will be able to keep the bullish structure.
The good entry zone for new long positions is 0.2500 support. If the price bounces from 0.3500 and reaches 0.2500, we will have to watch for the price action and wait for reversal signals.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
IOTAUSDT 4D: SHORT IT 3650 25% correction (SL/TP)(NEW)Why get subbed to to me on Tradingview?
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IOTAUSDT 4D: SHORT IT 3650 25% correction (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IOTAUSDT 4days/candle chart review and outlook
::: previously strong chart
::: accumulation in range and bull run
::: and made decent gains recenly
::: HOWEVER heavy overhead resistance
::: 3600 heavy mirror s/r resistance level
::: recommended strategy: SHORT IT from 3600
::: TP bears is 25% gains 2450
::: expecing a pullback from highs SOON
::: SWING trade setups for BEARS
::: patient traders will get paid
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BULLS/WEAK
IOTA.USDT (Y20.P3.E1).Stalking for nowHi All,
Another ALT lurking near key area.
Thoughts:
> Like to see it break this key level as its already broke 1 of 2, the other being the lead in slope trend-line.
> Its had a nice upward trend line so far.
> If it breaks, I will look for a bullish candle of sort, either on the 8, 12, or daily.
> Use the daily 21 EMA for a strategy
> Depending how it breaks it, I might look for a retest (pullback) before jumping in.
Either way, its another one to keep an eye on.
Daily chart with 21 EMA moving along with the trend
cheers,
S.Sari
IOTA: Possible Buying Opportunity from 0.2600USD SupportHere is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to the support zone it will be possible.
If you skipped the previous buying opportunities, you will have a possible buy signal from 0.2600USD support. For opening long positions, we will need reversal signals. The profit target for such long positions will be 0.3500USD resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
IOTAUSDT ANALYSISBase on my analysis, if you have IOTA, you may wait to see the candles' the next move;
a) if the candles go down, you should sell it,
b) if the candles pass the resistance line(0.2814), you should keep it.
If you want to buy IOTA, you should
a) if the resistance line(0.2814) turns the support line, you will buy it, or
b) if the candles go down, you should wait the candles cross the support line(0.2192)
and also you may help from EngineeringRobo's signals.
IOTA/BTC - first target hit, another +20% in sightWe achieved our target and took some profits along the way. If Bitcoin continues moving to the upside I can see the BTC pair consolidating at the <3 * 10^-5 sats lvl. Regardless of technicals, I am excited for IOTA's fundamentals and I am sure we will see great progress in the coming year. Technicals are looking good, too
- MACD on daily just turned bullish
- still increasing volume with HH
- RSI still lots of potential
- overall Altcoin market broke out of strong resistance
IOTA The Next Alt to Push??IOTA is coming very close to satisfying a lot of our requirements for an entry.
Although, on the daily our steamroller indicator telling us she wants to cool off slightly before another potential move up.
Very close to a break of this kumo cloud and the 50 where she'll have room for at least 10% IMO.
Not a tonne of daily volume coming in, but very similar to a number of other alts that saw sudden explosions of volume and volatile moves.
Overall, i'm expecting some moves up in the coming days after this potential cool-off.
Target in the long-term Resistance line.Hello, traders.
IOT/USD is above a short term uptrend line since march, and after the price broked an important resistance level the chart begging to present a bullish structure. But we are reaching the long-term resistance line which, will be a very significant resistance for IOTA.
The target is the resistance line, so it's not time to buy this asset.
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IOTA living of BTC's weaknessBTC.D free fall and bounce of the ichi cloud helping IOTA live longer, but it is running on fumes. Racking up multiple bearish divergences on the 4H and Daily and testing multiple resistance while volume dropping. Retesting the bear flag that it broke out of in June. Another chance to unload if you got caught in this.
IOTA: Uptrend and How to Join ItThe price bounced from SMA200, and it was a possible buy signal based on the reversal. Now that long positions give profit. What's next?
It is possible to add more volume and open a new long position if the price breaks 0.2600 resistance.
It will be a good bullish signal as the market confirms the uptrend by a new swing high.
In order to get an additional signal that the price is going to move upward, it will be a good idea to wait for a retest of the broken resistance. If the price can stay about this level, which will act as new support, we will be able to buy using the reversal signal. This bullish signal will be more reliable than just the breakout.
Stop orders for all long positions should be placed below the local swing low and SMAs. The main profit target for buyers should be 0.3500 resistance. Risk per trade must be no more than 3-5% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.