IOTABTC - awaiting volume - bouncing from the trendlineLike all of the other alts IOTA is also suffering from BTC volatility. I am expecting some movement soon as BTC is getting stabilized a little.
We still need volume to breakout.. maybe couple days or maybe weeks.. but it will pop soon as the product has a good potential.
PS: Accumulation zone!! Take profit at Fibonacci levels.
Please hit "LIKE" to support the idea.
Thanks!
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
IOTACOIN
IOTA - Possible Breakout?Looks like IOTA is reaching the apex of a right triangle, and may break into an upward trend for a bit. This is all based on what happens with BTC over the next 24 hours, as BTC is still currently the driving force in the market. Until it stops pumping, alts will continue to suffer. Although, this upward 1-5 EW could happen to a lesser degree without any sideways movement of BTC just based purely on the amount of sellers being depleted at the local price levels. Will update in 24 hours if anything changes drastically.
IOTA/USDNew people in the IOTA team
Mr. Sulavka and his team are the ones responsible for the IXI development. This will enable already existing and future exchanges to integrate seamlessly into the IOTA network, and have tools to make use of IOTA easy for exchange devs/operators.
It's not only Mark Sulavka. Mr. Sulavka brings with him a core team that includes the following:
Jeffrey Diedrich Former CTO of the National Stock Exchange and 20+ year securities and trading technology veteran.
Kenny Byrne Former CTO of PartStore and 20+ years as a Sr. executive, building and capitalizing early-stage companies as well as turnarounds.
Egor Agafonov Sr. Architect / Sr. Developer with over 30 years of systems and trading solutions development.
Mark Kemna Former CTO and Sr. technologist of multiple companies, specializing in ad-tech and big data.
About technical analysis
I see falling wedge - reversal pattern
We are in 78.2% Level fibonacci
But first we need reak out resistance line. After we have resistance level at 2$ area. And resistance line of the blue channel.
RSI look at up
Im not sure if its trend reversal
And you need use Stop loss
Buy zone 1.59-1.67$
Targets 1.8$ - 2$ - 2.6$
Stop loss 1.5$
Iota to enter a new paradigm (starting now)With fundamentals stronger than ever, the rise of Iota has begun.
The pattern has been completed: While short lived, this just shows how many buyers are lurking.
The general sentiment of the market is fearful and timid, often when its most profitable to enter a position. I believe this is wave 3 so this bull run will continue for quite some time.
IOTA - Play Smart and Play SafeWe have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support.
Trade Setup:
Stop Loss $4.20 USD
Target: $5.20 USD
IOTA trade idea for day traders.With the world's fast-growing adoption of Internet-enabled everyday products, the business-to-business market for the "Internet of Things" (IoT) is exploding. Analysts forecast that B2B spending on IoT technologies and solutions will reach $267 billion by 2020 -- and as more devices create a near-endless stream of data, the market for data-driven insights is being eyed as a catalyst for IoT growth. IOTA is the e-currency of IoT and IOTA's value will be much more than whole IoT market because it is a limited commodity.
I called for long when the IOTA price was 1.04. People who have followed my advice made decent money.
I expect IOTA price to be >100 USD by the end of 2019. For that reason I recommend to buy and hold.
But if you are a day trader there is a good trade opportunity:
We are currently at red 5 on hourly chart according to Tom Demark count. IOTA price will fall up to 4 more hours then uptrend will start again. We are currently at green 4 on daily chart and green 5 on weekly chart. Which means bull trend will continue at least 4 more weeks.
Here is my short term idea for day traders:
Long at: 4.02 (fib. 0382)
Take profit at: >5.5
Stop loss: 3.4
IOTA - Take some profits before it will be cut in halfIOTA had an incredible run over the last weeks. I have been aggressively buying into weakness in September and October below 0.45$.
Now it is about to reach the 3.618% Fib extension at 3.78$ and is getting overbought in the short-term.
I´d recommend to take some profits off the table and put some limit buy orders between 1,50$ and 1,90$.
As far as I can see the volatility will rise dramatically and a 50-70% pullback is getting very close...
Take some money off the table but don't short this bull-market...