Iotausd
IOTA/USDT Getting Prepared to Fly 🚀 🚀 🚀 💡 Trade Idea
📈 Buy Limit IOTA/USDT @ 0.3987
🎯 Target Profit 0.4431
🛑 Stop Loss 0.3839
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a corrective channel before succeeding to break it to the upside. A lower correction is seen to the daily support @ 0.3989 where we have the 61.8% Fibonacci retracement level. Our expectation now is a move upwards to the 0.0444 mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
IOTA - Testing Resistance, 50%+ gains in the works!Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line which is also bullish, especially on the daily time frame. Get ready!
IOTAUSDT - INVERSE HEAD AND SHOULDERS PATTERNANALYSIS 🔎
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe.
- This is a trend reversal pattern.
- It is a bullish pattern.
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level.
IOTAUSDT seeing some follow through buying. Next Level to watchBeen watching this setup unfold for a bit now.
Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too).
Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.
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.
Like and follow!
✳️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 !