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IOTA

VERY SIMPLE ANALYSIS ON IOTA HEADING TO THE $0.30 LEVEL!Some of us like me have been trading this coin from the $0.157 levels and based on measured move in technical analysis, IOTA is likely to hit a major target and resistance of approximately $0.300 before retracing to test and potentially find support on $0.2201 comfortably. NOTE - This is a weekly timeframe so it may take a couple of weeks or less to play out. Please like this post if you find it helpful. Your comments, inputs and thoughts are also welcome :)
BITFINEX:IOTUSDLong
by georgime
There is a trading opportunity to buy in IOTABTCTechnical analysis: . Miota/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000267) Ending of entry zone (0.0000213) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.0000349 TP2= @ 0.0000455 TP3= @ 0.0000623 TP4= @ 0.0000810 TP5= @ 0.0001012 TP6= @ 0.0001507 TP7= @ 0.0001906 TP8= Free
Long
by ForecastCity
2
There is a trading opportunity to buy in IOTABTCTechnical analysis: . Miota/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000267) Ending of entry zone (0.0000213) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.0000349 TP2= @ 0.0000455 TP3= @ 0.0000623 TP4= @ 0.0000810 TP5= @ 0.0001012 TP6= @ 0.0001507 TP7= @ 0.0001906 TP8= Free
Long
by ForecastCity
2
IOTUSD: SMA200 as Resistance and How to TradeThe price reached another resistance line, and it is SMA200. The price action in this zone will be important for further market movement. As the market made a good upward movement, a reversal, and a correction after that will be logical. We will be able to get new buy opportunities after the correction, where the best will be based on a reversal from the uptrend line. The market can try to pass SMA200 and make a new high. But I don't think it will be a good idea to buy following the breakout signal. The reason is, the market looks overbought, and it should correct the previous upward movement. RSI reached the overbought zone. If we talk about buying, we had to open long positions above 0.17 level, but not following a breakout in the overbought market. 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.
BITFINEX:IOTUSD
by DLavrov
8
IOTUSD: When to Buy If You Missed Trend ReversalWe could buy this coin based on a breakout above the downtrend line. We could buy this coin based on a breakout above the local swing highs. The market gave us such opportunities, and if you missed them, you need to think about new trading signals. When to buy the coin if the price continues the upward movement? It is possible to buy based on the breakout above SMA50. I don't like the entry point as it is far from the uptrend line. But if you look for long term trades, probably the part of trade volume can be used following this signal. If we talk about the proper buying in the market, which builds an uptrend, I would like to see the downward movement to the uptrend line and buy based on reversal signals from the daily and lower timeframes. It makes sense as long positions will be opened after the correction in the direction of the new uptrend.
BITFINEX:IOTUSDLong
by DLavrov