IOTABTC The Sleeping Giant is Awakening! 400%!IOTA has shown a double confirmation of the support line of wave 4 and is refusing to dip lower.
Even during this bloody day for crypto it seems to be holding firm! Get it now at a bargain price and HODL till we hit our targets!
- IOTA has gained A LOT of partnerships
- A lot of news lately
- It will have sub waves! This is the wave projection on a larger scale!
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Iotabtc
Stop it with those triangles - Don't even tryThere was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase.
However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore.
Hell, I can't even make much sense of those indicators. Maybe there are others who can include even more indicators and combine them in some clever way to get an idea what's happening next with this revolutionary technology's token price.
I have yet to see a single post on here which managed to accurately predict the next move. And I like to think I have read them all.
I'm not a big fan of fundamentals, but here is what I do think:
It won't moon anytime soon.
Shit, the price probably won't even go through the roof of a hobbit hut before March.
It (the tangle) is the foundation for an entirely novel economy and this token is one of the fundamentally solid and safest investments to make on the cryptomarket.
Call me crazy.
IOTA looking top heavy - Possible Drop to from failed breakoutsChart is showing a lot of resistance on IOTA to go higher, while it is in a coiled channel, with afurther decending wedge, the momentum appears weak. Anticipate a possible push up from the wedge followed by a failed breakout at the MA, for a possible rejection down and a breakout toward the downside below the old horizontal support.
**note this is not intended for financial advise and is for educational purposes.
Long term bull pennant/flag on iota/btc 1d - 200% + potentialNot a fan of IOTA so don't hold any but will as always be watching for breakout. If you follow standard rules on bull flags there's easily 200%+ potential gains here although FA and common sense makes that seem pretty stretched based on the negative press they've been getting on their tech (well deserved negative press if I may add).
IOTA - oversold and at good support for upward trend IOTA IOTABTC , is showing a turn on the hr chart.
Decending wedge leading to upward breakout potential.
RSI in over sold situation.
IOTA touching bottom support zone which has seen 3 previous bounce offs.
This is not financial advise and meant for education purposes.
IOTA - correction not done yetIOT/USD 4H
Being in an expanding wedge, we're currently in the making of the subwave 4 of c. I expect price to rise till the marked sell zone ($3.50-3.75). If price proves me right, we should see from there on the start and the final bearish impulse of the overall corrective structure. This could either result in a double bottom or ideally in a lower low till $1.35-1.10 levels.
Monitoring the BTCUSD price, as shown in my previous analysis - would be a good idea - as we still have a strong positive correlation showing up on almost all alts. The max. upside levels for BTCUSD are marked on the chart. In the case of a violation, I do not expect price to break $13.700ish (Bitfinex). From there on, a corrective continuation till 8k levels would seem possible.
Safe trades!
IOTABTC could be gearing up for another big moveIOTABTC has been consolidating for several weeks now. This manifests itself as a pennant on the btc pair and a falling wedge on the ETH pair. Watch for a break up of either of these patterns. 0.00066 BTC a likely target here.
EDIT: notice the bullish bias on RSI as well. Watch for 3/4 of pennant length for break.
*THIS IS NOT TRADING ADVICE, JUST AN IDEA*