Iotausd
IOTA/USD - Bullish ascending triangle, wait for support touchIOTA touched the top of the ascending triangle and is likely to retrace at the $0.30 cents support before we can push higher.
The chart structure looks bullish overall, therefore expect a push out of the ascending triangle to test the major resistance at $0.55.
This is the most likely scenario unless BTC pushed lower towards 20k.
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✳️MIOTA/USDT (24/11) View + Trading Plan #IOTA $IOTAIOTA is at the key resistance of 0.4$, and where to close the 1D candle will be crucial to the next trend of IOTA.
If IOTA conquers this 0.4$ zone, it will rise to the 0.5$ zone and a high possibility will continue to the 0.55$ or even 1$ zone.
However, if IOTA fails at the 0.4$ zone, IOTA will easily plummet to the 0.3$ or even 0.2$ zone.
📈BUY- LONG
-Buy: 0.38-0.4$ if A, SL if B
📉SELL-SHORT
-Sell: 0.475-0.5$, SL if A
-Sell: 0.55-0.575$, SL if A
-Sell: 0.95-1$, SL if A
♻️BACK-UP
-Sell: 0.38-0.4$ if B, SL if A
-Buy: 0.285-0.3$, SL if B
-Sell: 0.285-0.3$ if B, SL if A
-Buy: 0.19-0.2$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
IOTAUSD will go to 5 dollars !Based on a monthly left right shoulders , this pair named iota/usd will surge to 5 dollars.
I analysed this because i see a huge lef right shoulders potential with a outside bar in the last month.
IOTA is also busy with making their own smart contracts, so this is actually more bullish in my opinion
It's not a shitt coin !
You wanne be rich? Invest !
$IOTAUSDT - Multiyear AccumulationThe study of Wyckoff Theory, along with market cycles, would suggest IOTA is being heavily accumulated within this range.
With a clear demand level of 0.20c and clear supply level of 0.40c. Anything sold above 40c is a win, and anything bought below 20c is a win.
Until we've breached the downwards channel resistance, and weekly range high resistance, we can assume we'll just keep dancing between these levels.
If 0.23c is lost as support, a capitulation event could occur.
If 0.23c holds, we may finally get a rally coming out of this range.
As a tech company at the forefront of technology advancements, once the composite man unleashes this beast, generational wealth will be made for those who accumulated the lows.