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IOTA | Big Descending Triangle Indicates further DownsideI don't like what I see here. IOTA seems to have formed a big descending triangle indicating a further downside. It is currently trading slightly below the lower edge of the DT. If the price cannot break above the lower edge, I'm pretty much conviced that we see IOTA dip into the support area around $0.4-0.45 What is slightly encouraging though is that the last time IOTA traded at almost similar levels, it went on a +260 % rally afterwards. However, due to macro factors and the decrease in voluem, I tend to be on the bearish side for now. Let's see how this plays out. Thanks for your support. Have a good one.
Short
by PagaLui
IOTA: Don’t Get Too Comfy!☝️After its steep descent from the orange-colored zone, IOTA has been relaxing a bit and puttering around between $1.1 and $1.2. However, it shouldn’t get too comfy because we expect the price to fall below $0.9810 soon. There, it should get caught by the green area between $0.8968 and $0.7442, finish wave c in orange and bounce off again. Still, there is also a 30% chance that IOTA could shy away from touching the $0.9810 mark and rather decides to take off earlier. If it manages to reach the resistance at $2.0842, further rise will become more likely.
BINANCE:IOTAUSDShort
by MarketIntel
1
IOTA NEAR FUTURE ANALYSIS (4H CHART)Technical Analysis Summary IOTA /USDT TREND ANALYSIS We have 3 Downtrend in red color (LONG TERM AND 2 INTERNAL ) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
MIOTA - IOTA - Analysis IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem. Because there’s no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense. In time, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024, this could end up being big business. The team behind IOTA believe that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products. Originally known as Jinn, a crowdsale for the project was held in September 2014, and the network officially launched in 2016. Who Are the Founders of IOTA? IOTA has four co-founders, and their names are Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener. According to the IOTA Foundation, the initiative has rapidly grown since then — and team members are now based across more than 25 countries. Sonstebo and Schiener are collectively co-chairmen of the board of directors, while Popov is a board member and the foundation’s director of research. Ivancheglo resigned from the Berlin-based project back in June 2019 but continues as an unofficial advisor. At the time, he said in a statement: “I no longer believe that the IOTA Foundation is the best setting for me to realize what we set out to create back in 2014 and 2015. I have always done my best work in a less rigid environment. I am looking forward to continuing the work on both hardware and software development of IOTA independently.” What Makes IOTA Unique? Well, as we alluded to a little earlier, the fact that it’s effectively a blockchainless blockchain is rather unusual to say the least. Tangle’s more technical name is the Directed Acyclic Graph — and as Sønstebø explained in a blog post back in 2015, this technology aims to retain blockchain’s ability to execute secure transactions. The only difference is that it does away with the notion of blocks. He also wrote: “IOTA should not be considered an alternative coin (altcoin) to existing cryptocurrencies such as Bitcoin, rather it is an extension of the growing blockchain ecosystem. It’s meant to work in synergy with these other platforms to form cohesion and symbiotic relationships. IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.” New transactions are validated by approving two previous transactions from another node — and this is a novel approach because it means that the network’s size and speed will be directly related to how many people are using the platform. And whereas some cryptocurrencies are run as a business, the IOTA Foundation says it is firmly not for profit — adding that it has the sole goal of making the network as prosperous as possible. Finally, IOTA has distinguished itself from many other crypto rivals by establishing high-profile partnerships with the carmaker Volkswagen, and helping the city of Taipei to pursue smart projects. IOTA Price $0.5412 Price Change 24h $-0.01937 3.57% 24h Low / 24h High $0.5299 / $0.5942 Trading Volume 24h $111,206,575.15 46.91% Market Dominance 0.13% Market Rank #38 IOTA Market Cap Market Cap $1,506,092,741.10 2.73% Fully Diluted Market Cap $1,506,092,741.10 2.73% IOTA Price Yesterday Yesterday's Low / High $0.4978 / $0.6134 Yesterday's Open / Close $0.5140 / $0.5596 Yesterday's Change 8.85% Yesterday's Volume $205,129,351.18 IOTA Price History 7d Low / 7d High $0.3947 / $0.6134 30d Low / 30d High $0.3291 / $0.6134 90d Low / 90d High $0.2448 / $0.6134 52 Week Low / 52 Week High $0.07962 / $0.6134 All Time High Dec 19, 2017 (3 years ago) $5.69 90.48% All Time Low Mar 13, 2020 (a year ago) $0.07962 580.55% IOTA ROI 91499.08% IOTA Supply Circulating Supply 2,779,530,283 MIOTA Total Supply 2,779,530,283 MIOTA Max Supply 2,779,530,283 MIOTA BINANCE:IOTAUSDT BINANCE:IOTABTC BINANCE:IOTAUSD BINANCE:IOTABUSD BINANCE:IOTAETH BINANCE:IOTAUSDTPERP BITFINEX:IOTUSD HUOBI:IOTAUSDT BITFINEX:IOTUSD BITTREX:IOTABTC BINANCE:IOTABNB OKEX:IOTAUSDT HITBTC:IOTAUSDT BITFINEX:IOTEUR BITTREX:IOTAUSD BITFINEX:IOTBTC HUOBI:IOTABTC HUOBI:IOTAPERP HITBTC:IOTAUSD HITBTC:IOTABTC OKEX:IOTAOKB HITBTC:IOTAETH OKEX:IOTAUSDTPERP BITFINEX:IOTTRY BITFINEX:IOTTHB BINANCE:BTCUSDT BITFINEX:IOTGBP
by MaverickTrading
1
IOTAUSD: Analysis using Ichimoku 19/06/2020H4 At D1, the Ichimoku cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1. Conclusion: We recommend buying when the RSI reaches an oversold level on the H4 and selling when the RSI reaches the overbought. H1 At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4. Conclusion: We recommend buying because the price went beyond the downtrend at H4, while the RSI on the H1 has reached the level of oversold. We also recommend selling when the RSI reaches the overbought level on the H1 and H4. Good luck!
BITFINEX:IOTUSD
by QubitLife
IOTA: Analysis using Ichimoku 08/06/2020H4 The price is trading above the Ichimoku cloud, indicating an uptrend. RSI is slowly falling towards the level of oversold, indicating the presence of correction and weaknesses of sellers. Conclusion: We recommend buying from a key Fibonacci level of 61.8% and when the RSI level is oversold. H1 The price is gradually falling, moving under the Ichimoku cloud. Visually there is a correction within model of a wedge. RSI new lows at the oversold level, keeping the price above 0.2. Conclusion: We recommend buying from a key Fibonacci level of 23.6% and when the RSI level is oversold. Good luck!
BITFINEX:IOTUSD
by QubitLife
1