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.
IOTALONG
IOT's upward flag!All the indicators (net volume and MACD) are converging with the decrease in volume. The pattern is also to meet its end within a few days, which has last for more than one month. However, we don't know the direction of IOT's next move. Anyway, I think IOT will roar because of the macro market bullsh trend. Hold your position, be patient, smart money should consider opening long position at retracing, I believe the breakthrough might happen in any time and catch all of us off guard.
Support and resistance checked. 20 of January is the deadline.You may see a really different chart than you had seen before in this channel, this is an upgraded version with +6 hours of work. I hope you enjoy it.
I had a time out of doing TA, and came back with this idea.
The mind is everything. What you think, you become.
Good luck!
IOTA IOTA is quietly on the move again, bouncing off the 3.20 $USD mark to currently 3.96 $USD as of the 5/01/2018 – 5:39 AM NY Time.
IOTA touched the 3.19 $USD support mark several times and time bounced off with the exception of a couple of spikes, the lowest 1.11 $USD on the 21/12/2017.
Right now it has been steadily moving into a squeeze at the top of the ascending triangle, with the MACD showing higher peaks below the zero line.
It is now just a matter of time to wait and see if it breaks out of the triangle formation and for the third time heads off for the 5.55 $USD mark.
Iota to enter a new paradigm There is limited data as Iota was primarily traded over the counter before being added to the first major exchange Bitfinex. Fundamentally everything seems to be on track but it won't be discussed in depth as is mostly about technicals and psychology. I will say that BOSCH opening saying they invested into the IOTA tokens itself is huge.
A correction has taken place and looks to be almost complete. If that is true, we could begin either wave 3 or C. It doesn't really matter too much which and it's impossible to tell without hindsight. Trading wise it's the same thing. A long here or at support will be rewarding.
The sheeps have heard of Iota, and most have dismissed it. There has been no fomo (fear of missing out)/ euphoric type talks about Iota taking over Bitcoin. This psychology of the mass is similar to Ethereum a few years ago. Most are skeptical of the claims and are waiting for more development and confirmation before putting larger money. The notion is to buy the potential and sell the product. Once Iota does do what it claims, the sheeps will be buying and the smart investors/traders should be selling.
Massive Triangle on IOTA/BTC - Break-Out Within 2 Days IOTA has been consolidating since the recent run-up. During this period the price has moved within a very solid triangle on the IOTA/BTC chart. The triangle is pointing towards the very end of 2017 (the next one or two days). Considering that IOTA has fallen behind to 1.7% market cap share of all cryptos combined (currently IOTA has fallen behind Cardano), an upwards correction seems quite likely.
IOTA Buy Set UpIOTA is one of the top cryptos around not only in volume also in what the coin is itself and what is behind it,in the near future i see it reaching a price of $7 to $13 but right now price has been growing very fast,today as one of the top ones it followed the correction of bitcoin breaking below the previous daily structure but leaving a big and long wick and retesting the daily TL and MP with the daily and weekly 38% fib (yellow and white one) ,indicating manipulation since that long correction candle just closed above the bottom of the structure,now we have an invertedf H&S in formation so now i expect price boost to the upside
IOTA Flag Pattern - Target $7 - $9 !?Hey everyone! This time I would like to share with you my IOTUSD analysis. As you can see, IOTA price has been forming a flag pattern during the last two weeks. This kind of pattern is characterized by a decrement of Volume, which is exactly what we can observe in the chart. You can also notice that the last one occured a flag pattern breakout or (if you can to analyze the price by trends) to downtrend breakout.
So, what's next? We can wait for a possible price bounce in the new IOTA trend line before going up. This bounce should be accompained by a MACD inflextion point, which I think it would be a great entry point. Once this has ocurred, we can expect IOTA price to continue its run to higher prices, as $7 or $9 dollars by the end of the year. You have to know this targets ($7 - $9) are based on the flag pattern proyections, since this pattern suggest that once the breakout occur, we can wait for another price increment of the same height of the pole of the flag.
Before you take any investment decision, I recommend you to wait a MACD inflextion point . I'll be updating this post when something important happens.
MY ORDERS:
- Waiting for MACD inflextion point before setting BUY STOP -
TakeProfit 1: 6.95
TakeProfit 2: 8.95
Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :)
If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
IOTA/USD Orgasmic explosion to the moonHi Seildev here
Today we’re looking at IOTA/USD pair. This has been on my radar for quite some time as we have seen some explosive growth in the past month.
This chart presents a classic cup and handle with bullish flag coming down to 61.8% fib from swing high of 5.529 and swing low of 3.32. I expect this pair to rocket to targets:
- Target 1 @ 6.995 USD
- Target 2 @ 9.332 USD
I won’t say I will chop my manhood off line Mcaffe regarding his confidence on bitcoins however I’ll be somewhat most confident and say that I will shave both my eye brows if this pair doesn’t reach Target 1 6.995 USD by January 15th 2018.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
IOTA Breakout is confirmed according to Tom Demark count. IOTA gave a green 2 on the 1H chart on Tom Demark count. This is a clear buy signal.
This rise happened because of Robert Bosch Venture Capital news:
www.huffingtonpost.com
First resistance: 4.9
Second resistance: 5.5
I expect the first resistance will be broken easily.
If we reach 5.5 area we will get a new all time high because double tops near all time highs are unicorns.
My advice for IOTA: Buy and hold.
My forecast for IOTA: >100 at the end of 2019.
IOTA - Be Greedy When Others Are FearfulThis was a TA that I've done a few days back. it seems that IOTA is following and bounced off the bottom trend line as expected, hence the massive growth in price at the moment. If the amount of volume stays consistent and this trend continues, we're very likely to really make it to "$10 before Christmas" as some people had once said. If we break through the bottom trend line, there's no way IOTA can recover. We can only expect IOTA to go into bearish mode when that happens.
As of now, Binance had already crossed the $4 barrier. Stoch and MACD looking surprisingly well with a huge BUY signal.
IOTA - Consolidation Period / Now What?Iota has recently seen a massive bull run in the market, however, it is currently stalling in comparison to some of the other cryptos today. Ever since the increase the coins movement has begun to slow down and we are now consolidating at the current price, this could be in preparation for another movement upwards so keep that in mind. It is unlikely that we will Breakthrough to support and continue dropping since trailers or see that as an opportunity to buy in which will drive the price up, It will require mass amounts of selling pressure in order to drive the price below the $3 Mark or the $2.50 Mark. However, if that was to happen it would be a great place to think about investing.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
IOTA Bear Trend Will Be OverWe are currently at red 7 according to Tom Demark count on the 4H chart. This means we can have up to 8 more hours of bear trend. I expect the price to go upwards after that.
Stoch RSI is oversold which confirms my idea.
There is a huge support at 3.58 area. If price touches that area it will bounce from there.
Resistance areas are: 5.12 and 5.6
Here is my high profit/low risk short term trading idea:
Long at: 3.7
Take profit at: 5.0
Stop loss: 3.4
For long term, I recommend buy and hold.
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