MIOTA shortMIOTA broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.245 is possible.
IOTA
IOTA ANALYSIS#IOTA UPDATE.
#IOTA has lost the trend line support on macro level but on micro level IOTA has broken above the falling wedge but in order to move upwards IOTA needs to clear the "area of confluence" which is acting as the strong resistance
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap.
IOTA Stochastic Indicator
A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months.
Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap.
2018 Bear Market Comparison
If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak.
After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode.
If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
Strong chance of new trendSufficient compression across all timeframes to allow for an upward move with minimal resistance. Confirmation on lower timeframes as a new expansion pushing past previous compressed periods with a resulting pivot point of 1h 300 period 1.25 standard deviation. Provided price stays above said pivot, trend should sustain indefinitely. The moment that pivot breaks, trend will end.
As trend duration is indefinite, no targets provided as price will continue upward so long as pivot holds. When the pivot does break, price will mean revert down to the 1h 300 MA.
Everything on this chart is just a different representation of a bollinger band. Most metrics are defined based on relative width of the distribution rather than the current deviation itself.
IOTA can be interesting for BUY I think good moment for BUY IOTA. Go out from range and wait volumes for confirm. And all market have long interest. Will see...
OTAUSDT |Does this look like a reversal?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I want to say a little about the IOTA coin, I think this coin in the long term can look good in your investment portfolio.
As long as we see a small reversal on the weekly chart, the price starts to move out of the monthly flat trend a little, there is a chance that this will be a global reversal!
The idea is only suitable for spot trading
IOTA: Little By Little 🤏Little by little, IOTA is moving upwards with baby steps and seems to be willing to leave the magenta-colored zone between $0.06007 and $0.3634. Although there still is a chance that IOTA could develop a new low deeper in the magenta-colored zone, it would be well advised to not get too close to the resistance at $0.0600, as falling below this mark would bode ill for the altcoin. Instead, IOTA should rather continue to rise and climb above the resistance at $1.0550, which would provide a good basis for further ascent.
IOTA getting ready for another pumpFundamentally the project is going great, releasing a lot of new features and running Shimmer as expected to release it as IOTA 2.0.
So it's discounted by the market cycles. Like on January, we have gone under the "normal" BTC correlation, so a shot up in this correlation giving the fundamentals is a quite attracting possibility. 0.00002 is the first target, followed by 0.000025 and 0.00003.
$IOTA is had a significant glow up. Price will soon catch up ;) Weekly structure is primed and 1h is gonna behave like a good boy. Here we can appreciate the birth of this rally at the foothills.
IOTA can be big in next weeks.IOTA broke the consolidation to upsite. also can make head and shoulders on daily chart. Looking bottomed .
IOTA finally ready to outperform BTC and ETH?#IOTA has been through rough times, most of it fud, some of it undeniable. Updates have been announced for years and delayed and sometimes just canceled.
However, now, finally, there is a clear roadmap. No more announcements about announcements. They have proven it today with the Shimmer and Stardust upgrade. This means IOTA is 1 step closer to total decentralization, more dapps can be built. There is a safety net. Staking, NFTs, DAO and much MUCH more. And all of this is feeless. The metaverse can go nuts with this 1!
Coinmarketcap announced today IOTA is 1rst place in community growth.
So, looking at TA, IOTA has got some resistance ahead. The momentum looks good and perhaps this time the timing as well?
Infinite luck,
Rising Sun
LTC - two possible scenariosAll depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the potential of reaching new highs before December. Time will tell...
IOTA: Shake It Off!I’m just gonna shake, shake, shake, shake, shake, shake…
IOTA should really turn up this Taylor Swift song and step up, for we expect the altcoin to shake off the recent correction phase and to move upwards, crossing the resistance at $1.0550. First, though, IOTA must finally complete wave ii in magenta, which could initially lead it a bit deeper into the magenta zone between $0.3634 and $0.0600. However, the altcoin should be careful not to drop below the support at $0.0600.
IOTA - Trap slams shut🪤Reasons to take short:
⭐️ BTC bearish
⭐️ Level is 8 days long
⭐️ Trendline is clean
⭐️ Trapped bulls
⭐️ In the end of formation
⭐️ Price is squeezing to local level
⭐️ 3rd touch
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
IOTAUSDT BEARISHIOTA formed a double top pattern on the daily timeframe the neckline is broken and retested successfully
now we look for short opportunities and our target would be the lines in red
$Hit$torm Incoming. Hold on to your bags. Here comes another over leveraged banker bleeding out.
Humor us and let it have a dead cat bounce soon :)
IOTAUSDT 4H🔥YOTA Coin
The trend line on the chart looks very interesting, you can wait for the reset of this trend line and gain a position in the long.
Approximate plan:
Input 0.3422$
Take profit 0.3820$
Stop-loss 0.3200$
I set the stop-loss for the trending one because they can collect the stops with a squiz and return back to the trending zone.
✅Do not forget to visit the channel there is a lot of useful information about trading.
IOTA Breaking From a Bear Flag, Bulls Targeting $0.39Past Performance of IOTA
There are signals of strength for IOTA in the daily chart. At spot rates, the coin is up eight percent versus the USDT. This is positive for optimistic buyers following the correction on June 1. Further gains reversing losses of mid this week would complete a bullish breakout above the multi-week resistance line marked by the Middle BB.
#IOTA Technical Analysis
Technically, IOTA prices are solid, and bulls are confident. The immediate support line is at $0.33, while a close above $0.36 and the middle BB may initiate more accumulation in the short term. Ideally, the immediate target for optimistic IOTA buyers stands at $0.39 or May 9 highs. However, if there are gains above $0.36, traders may begin loading, expecting more gains above the current bear flag. On the flip side, deeper losses below $0.33 may force IOTA to $0.30—or lower.
What to Expect from #IOTA?
Despite the optimism, IOTA prices are consolidating. IOTA bulls are resilient and prices are trending at this week’s highs. Further gains above the bear flag may be the basis for another leg up in a recovery.
Resistance level to watch out for: $0.36
Support level to watch out for: $0.33
Disclaimer: Opinions expressed are not investment advice. Do your research.
IOTA formed big bullish Gartley for upto 851% rallyHi dear friends, hope you are well and welcome to the new update on IOTA (MIOTA) coin.
On a monthly time frame, IOTA has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
IOTA: Play Up!“Play up!“, we want to shout at IOTA because it is high time for the altcoin to show some upwards movement. In the process, IOTA should at least make it above the resistance at $1.0550 to indicate further ascent. Meanwhile, IOTA could also finish wave ii in magenta a bit deeper in the magenta zone between $0.36343 and $0.06007 first, though it has to be careful not to break through its bottom.
