IOTA - Potential Reversal or Trap?1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area
2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high
3. Symmetrical triangle is being formed indicating a breakout soon
4. Using Tom DeMark Sequential on the weekly chart, last week's candle gave us a TD Red 9, forming a TDST support at $0.93
I believe right now would be a great time to open a long position due to the reasons listed above. Stop loss would be at $0.93 where the TDST support and the Gann Fan intersecting point is also located at. Please note that the TDST support is not considered broken until the weekly candle closes below it, so beware of fake outs.
IOTALONG
IOTAUSD: Double Bottom support strong, looking for resistanceTL:DR - Double bottom shows strong support at $0.93, expecting range bound/sideways action for the next several months
This is the IOTAUSD chart with 1h candles. Here was my TLDR from last time: Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. It really is amazing how market psychology reinforces certain price levels. In the last week we have seen Iota retest the $0.93 low set up in early April and within two days bounce off this level. Clearly $0.93 is a strong support level for Iota.
Where does price go from here? We have bounced off of a strong support and seen a 25% increase over the last 5 days. Next we will run into the upper bound of the descending triangle set up somewhere around $1.40. My suspicion is we will break the resistance line in the next few days but will then struggle at previous levels, notably: $1.50, $1.55, and $1.94.
My overall outlook for the entire market is that the worst is over. We may go slightly lower but not by much. This is the time where those coins just in it for the lambos go bust while the coins that really want to change the world silently plug away at making something revolutionary. As such I would expect we see range bound action in the whole market with projects pumping randomly on news. Support for Iota will be $0.93 whereas resistance will be $1.55, $2.00, and $2.57. These are the levels I would consider trading a small portion of stack in hopes of earning more.
***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
IOTA Holding the linear trend lineIota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory.
It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since last lower high we've got on the 3rd of July 2018). Many guys are posting here that IOTA broke the support, but try to switch your scale and you will see that we have got a nice bounce and that the last lower high fits better with the linear scale.
So for me it's not a sell yet!!
Especially not with other indicators like MACD and RSI printing a bullish divergence and the daily stoch RSI having on the bottom as well.
Let's have a look how iota will behave around the 1,45$ (if we get there :-)
In case our uptrend (support) line gets broken, we can expect a quick fall into a double bottom at 0.9$. From there we could see a reverse of the trend or continuing our fall, which would be very nasty (trying to find a new bottom on the support line of the falling wedge which could go very deep and form a zig-zag ABC correction). Moreor less the further development of the price depends on the bitcoin's price anyways.
Stop loss under the local swing low ( I'll set it up at 1,111$ because it's a nice number)
IOTA ABOUT TO BREAKOUT FOR 400% ? - CryptoManiac101Iota is nearing a possible breakout with 54% possibility of upward breakout according to prior cryptocurrency pattern breakouts of symmetrical triangles. We also should not disregard possibility of downward breakout which stands at 46% possibility. That is why we have Safe SL outlined on chart.
Most breakouts occur within 70% - 74% of pattern progress, however earlier breakout are likely.
Long term holders should go into this coin regardless.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
IOTA: NEW PARTNERSHIPS + TIPSEC ALGO - PROFIT = 17.72% !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 23rd of June 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 17.72% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 20: Fujitsu is set to introduce IOTA at the Hannover Messe trade fair in Germany this month. A Fujitsu Full Node that is connected to the first K5 Enterprise IOTA full node will be unveiled at the event.
April 20: The IOTA Foundation (IOTA) and InnoEnergy Scandinavia (InnoEnergy) signed a Memorandum of Understanding coming into effect this month. The two parties will collaborate on the development of smart community solutions and business model innovation
April 21: Fujitsu full node demonstrated at Hannover Messe trade fair in Germany. This allows for machine to machine payments and secure component tracking between robots.
April 30: IOTA Snapshot outline. This aims to reduce the size it takes for nodes to save the entire Tangle (to disk).
May 1: IOTA Ecosystem website is released. This includes an IOTA Development Fund that provides financial support to developers who make use of the IOTA platform.
May 2: IOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW -0.36% , Ford, General Motors, ZF 0.09% , and other mobility and Distributed Ledger Technology ( DLT -2.82% ) leaders to form a new mobility industry consortium fostering joint development of DLT -2.82% standards, pilot projects, and open source software tools.
May 2: Forbes publishes article on IOTA's price rise.
May 3: IOTA Foundation is excited and proud to start the official unveiling of Qubic
May 3: Huobi to list IOTA.
May 17: Kontakt. io , the leading IoT 50.00% (Internet of Things) location platform provider, announces collaboration with the IOTA Foundationt.
May 23: IOTA announces collaboration with the UN.
May 30: IOTA announces the release of it's Trinity Wallet for IOS and Android.
(NEW) June 7: BitPanda lists IOTA.
(NEW) June 22: IOTA and SinoPac team up to collaborate on digital innovations in the financial sector. SinoPac is one of the largest Taiwan-based financial holding companies which operate through the Asia Pacific
(NEW) June 23: TipSection algorithm operates at 20 CTPS after IRI v1.5.0 was released.
(NEW) June 25: BitPanda partners up with the Austrian Post to allow IOTA to be purchase for cash at over 400 Austrian Post Office branches
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
IOTA. It's dangerous to buy now the trend line was break by buyers, after sellers returned the price under the trend line after 2 months.
After breaking the trend line down, its test is now under way. If he is successful - then I see the following:
1) The price falls to the price zone 0.74-0.81 - from where it again tests the trend and goes 0.51-0.56
2) The price falls to the price zone 0.74-0.81, from where the rebound begins to 1.11-1.21
I will consider the long variant only when the price is fixed above the price range of 1.11-1.21.
IOTA: WALLET RELEASE & UN COLLABORATION - PROFIT = 18.86% !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 29th of May 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 18.86% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
April 20: Fujitsu is set to introduce IOTA at the Hannover Messe trade fair in Germany this month. A Fujitsu Full Node that is connected to the first K5 Enterprise IOTA full node will be unveiled at the event.
April 20: The IOTA Foundation (IOTA) and InnoEnergy Scandinavia (InnoEnergy) signed a Memorandum of Understanding coming into effect this month. The two parties will collaborate on the development of smart community solutions and business model innovation
April 21: Fujitsu full node demonstrated at Hannover Messe trade fair in Germany. This allows for machine to machine payments and secure component tracking between robots.
April 30: IOTA Snapshot outline. This aims to reduce the size it takes for nodes to save the entire Tangle (to disk).
May 1: IOTA Ecosystem website is released. This includes an IOTA Development Fund that provides financial support to developers who make use of the IOTA platform.
May 2: IOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW , Ford, General Motors, ZF, and other mobility and Distributed Ledger Technology (DLT) leaders to form a new mobility industry consortium fostering joint development of DLT standards, pilot projects, and open source software tools.
May 2 : Forbes publishes article on IOTA's price rise.
May 3: IOTA Foundation is excited and proud to start the official unveiling of Qubic
May 3: Huobi to list IOTA.
(NEW) May 17 : Kontakt.io, the leading IoT (Internet of Things) location platform provider, announces collaboration with the IOTA Foundationt.
Kontakt.io aims to integrate IOTA’sdistributed ledger technology with Kontakt.io’s location platform. The integration will enable tamper-proof and chargeable readings of smart sensor data. This will equip healthcare operators and supply chain firms which monitor environmental conditions for compliance reasons with fully transparent ways for storing and reporting on telemetry data.
(NEW) May 23 : IOTA announces collaboration with the UN.
The UN believes that IOTA’s distributed ledger can provide a greater level of efficiency in the management and tracking of UN documents, supply chains and transactional payments in real-time, with access available to both UNOPS and its partners.
(NEW) May 30: IOTA announces the release of it's Trinity Wallet for IOS and Android.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
IOTA AHEADZooming out to view the big picture. While the majority are waiting for the bull run,
it may be wise to get in before the crowd. Iota looking bullish to me, with a short term x1 (July?) and long term 400% gain likey
Of course in my view. Further lows may be likely in the short term. ' On Sale now'.
My Idea of what might happen to IOTAI think that IOTA might have a spike in the price soon because of the Double Bottom Pattern that is shown in the chart. How the Double Bottom Pattern works, in the chart you can see where the price first hit the support line and when the price touches the Predicted second time it might touch then it might start going towards the Resistents/Ceiling.
IOTA/USD Cann Still See More DownsideHello Traders,
In this analysis, I am looking at IOTAUSD. This crypto is also correcting the move lower.
It has already lost more than -40% of its value. Like always, cryptos are very volatile as you can see and having the right risk management is key to survive in this market.
Anyway, with the new low and trendline break, I am expecting more downside to follow to the areas mentioned in the chart above.
At some time when the crypto reached that area, I am looking for a bigger correction to the upside to at least to the trendline (drawn in the chart) Invalidation level for this view will be the low at 0.9058.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
IOTA Will U Up to go deep to the sea?Okay Now I will give my analysis about IOTA/USD on BITFINEX another fenomenal coin
In My Analysis iota seems like you can entry yeah i say again you can entry but dont hold it too long
just for swing
Here is i want to tell you the reason
1. Bearish Gartley
IOTA makes a good move and make a double bottom and reject to go more down but if this IOTA Up to the 0.786 Fib Retracement and 0.236 fib fan line will form a bearish gartley that make iota more cheap than now
2. Bearish Butterfly
Do you think IOTA can go up if IOTA can pass the 0.786 fib retracment?
See that IOTA makes another pattern yeah Bearish Butterfly will happen if IOTA can do something and go up in FIb 1.00
3. But We See Bull Divergence in Here
Bull Divergence
and i make a another fib retracement in fib IOTA/BTC if you want to see
The Target will same with IOTA/USD
So IOTA is good to buy but dont hold it too long cause 2 pattern above will happened anytime
Thanks for Visit
Syaerulid
IOTA BTC - Volume rising , price following.Hello folks! Easy setup for IOTA , in Daily timeframe there is a clear uptrend , in shorter timeframe as 4h , just broke a resistance that was pushing the price lower , volumes are rising so it could be a nice buy opportunity , with a stop loss around 19k and take profit in 30k zone. Don't take that as financial advice ! Have a nice day