IOTA price gets back on track, following IOTAs good newsLooks like IOTA is gaining strength again as it clearly broke the descending channel to the upside on BITFINEX:IOTBTC . No wonder, if you take into account, that IOTA had several positive news in the last few weeks, and traded since some months at very low level, depsite being a very interesting project.
Overview over the past few weeks:
- IOTA introduced the new lightweight node Hornet:
blog.iota.org
- Publication of a more detailed Roadmap, where Coordicide gets timed at end of 2020.
blog.iota.org
- Software AG, the fourth biggest IT company from the European Union by turnover, announced, that they plan a widespread use of the IOTA token.
www.crypto-news-flash.com
- symbol="NYSE:STM"]NYSE:STM main account on Twitter advertises their X-CUBE-IOTA1 software expansion package for their STM32 MCU (microcontroller) which enables interactions with the tangle:
twitter.com
- Fundstrat made a detailed investor report about IOTA, valuing the IOTA token at 2035 with a value of 101$. For me, actively following IOTAs news, it contains not much new information to me, except. But it's great to see such a detailed analysis from a professional institution and may drive price higher.
fsinsight.com
IOTA
IOTA: Stalling of the Pump. But for how long..?Technical (TD Sequential):
2M
Last candle close formed a Red 9 and has been confirmed by a +75% pump, long term bullish
2W
Currently forming a green 9
EMA/SMMA cross up, bullish, but will probably pull back first
3D
Last candle close formed a green 9
Holding so far in the channels equilibrium
Seems strong but stalling short term, pump needs to take a breath,
Fundamental
Chrysialis Upgrade Part One was just released and the network runs currently on a stable 50 - 70 CTPS / <10s confirmation Time (!) at the moment - feeless obviously.
IOTA releases a lot more stuff until the end of the year: Roadmap
Conclusion
I expect a short pullback (for ~2-3 Weeks)
I expect a pullback to the 0.30 - 0.35 area
The best has still to come according to 2M chart and fundamental analysis
IOTAUSDT AnalysisPeople who bought IOTA by listening EngineeringRobo's BUY2 signal in the first week of July, enjoy your 59.91% PROFIT that you made less than 2 month!
There's also green cloud present as a buy signal.
If you are holding IOTA, do not hurry to sell since there are no sell signals present. You can sell when there's a sell signal from EngineeringRobo or you can sell when the candle open close below the support level (0.26) for 1D. Also, if you want, you can take profit at the resistance level (0.49).
As of now, if you want to buy IOTA, since there are 2 buy signals present & the risk-reward ratio is higher than 1, you can buy right now.
After you buy, please watch out for EngineeringRobo's SELL signals to not lose your profit or your money!
IOTA has reached capitulation trendlineThe three years trendline that was once very strong support flipped resistance and rejected price violently three times already. RSi IN A RISING WEDGE. Volume is less relative to other bull runs, which makes this run more dubious.
It is impressive that a zombie coin can recover 6% from an ATH Drop of 99%. So basically if you bought $100 at ATH, at one point you would have lost $99, but in this recent run you recovered $6. So keep hodling chums, meanwhile coins with fantastic applications and proven technology like SXP, link, tezos are going to 100X from their lows.
Imagine if you don't take profit from a 100% sure dead coin and invested it in an 100% sure success defi coin. even if this coins pumps to the 1.618 it will only be %50 more while other coins are estimated to go %500 and even %1000 gain.
Hodling or buying this coin is senseless.
IOTA/BTC pair +40% - observing for nowWe made again a 20% gain on the IOTA/BTC resulting in a 40% gain since the beginning of July. Although IOTA is still looking strong technically, we should be cautious due to greed sentiment rising (for the entire crypto market). We might see more upside movement, but I prefer staying out right now.
From a fundamental perspective, we are seeing great progress happening and if you are a long-term investor, you should be fine with HODLing.
Stay green!
IOTUSDT ANALYSISI have 4 positive signals .It is above the support and up trend line also I saw buy3 it means big hope for this coin
You can buy it right now and you can sell at the resistance line ($ 0,5100) or you can watch the EngineeringRobo' s sell signal
Your money your choice . Don't ignore EngineeringRobo just join us and please dm me.
IOTA still consolidating after the recent surgeIOTA is still consolidating after the recent surge to 0.41 USD. Buy zone will be 0.33-0.35 (so another 4-8% down). Approximately 1 week hold until the next surge that should be higher than the recent one. Price surged due to recent news ( here ) about upcoming mainnet upgrade next week. Sell target will be anywhere between 0.40-0.70 (depending on BTC). Staggered exit recommended with target profits at 0.40, 0.55 and 0.70.
Excellent profit opportunity if BTC stays within range.
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.