IOTA Analysis!IOTA
Looking to trend down along the Gann line of 2/1
Looks bearish on this small time frame but on a larger time frame this can be observed from both angles as very bullish
I was long once on IOTA, F
Can someone let me know if im doing this fibonacci thing right? I've been doing it for a little now
Iotaeth
A trading opportunity to buy in IOTAETHTechnical analysis:
. MIOTA/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00133 to 0.00123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00133)
Ending of entry zone (0.00123)
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= @ 0.001470
TP2= @ 0.001610
TP3= @ 0.001770
TP4= @ 0.001920
TP5= @ 0.002129
TP6= @ 0.002420
TP7= @ 0.002711
TP8= @ 0.003650
TP9= Free
A trading opportunity to buy in IOTAETHTechnical analysis:
. MIOTA/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00133 to 0.00123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00133)
Ending of entry zone (0.00123)
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= @ 0.001470
TP2= @ 0.001610
TP3= @ 0.001770
TP4= @ 0.001920
TP5= @ 0.002129
TP6= @ 0.002420
TP7= @ 0.002711
TP8= @ 0.003650
TP9= Free
Time to buy iota???first entry: 0.00115 _ 0.00124
2nd entry: 0.00088 _ 0.00093
target 1: 0.00157
target 2: 0.00196
target 3: 0.00235
any idea?