Iotausd
IOTAUSDT: Possible Long (09.11.2020)On D1, the RSI reached the oversold level, after which the price formed an initial upward impulse.
On H1, the RSI also reached the oversold level, indicating the end of the local correction for the first upside impulse. Also, the price found support at the Fibonacci level of 38.2% (mirror level of 61.8%).
We recommend buying IOTA in order to hold the position above $ 0.35.
IOTAUSD trading in the falling channelHi, everyone! Today we’ll take a look at IOTAUSD!
As we see on the chart after a breakout in the wedge followed by a retest and impulse upwards, the price formed a falling channel in which it is traded at the support line. I expect a rebound and growth toward the line of resistance. We all know that a break in the falling channel will mean a change in trend and growth toward bulls. However, friends, do not forget, when analyzing any altcoine, to pay attention to bitcoin, as everything trades to it. This is not a call to action, this is my personal view of the current situation. If you have any questions, write to me!
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.
BTC USD / BTC EUR - two possible scenariosWe're curently in a range which might present us actually three scenarios. The one with smaller probability not listed in this example is price stagnation and side movement, which (due to a long term breakout) has a positive impact on LONG positions.
Presented here however possibilities consider short term price movement which is restricted by previous behaviour of global traders community. Breakout above current resistance will result in signifficant price movement towards the upside - possibly well above presented here top from 17'th of August (LONG term dynamics).
We can't however exclude here long term (strong) resistance in this area, hence tight stop losses are recommended and appropriate capital managemet as always is cruicial for the long term outcome of trading activities.
For short term traders LONG here isn't a bad idea since there is a little bit of space for growth, considering visible RSI and supportive (not presented here) 100 Expotential Daily Moving Average. Apart from my cold storage capital - I stay here out of trading, waiting for further price development after unfinished yet weekend.
Have a great day - and good luck with your consistency.
Bitcoin EUR / BTC USD. Two possible scenariosWe're curently in a range which might present us actually three scenarios. The one with smaller probability not listed in this example is price stagnation and side movement, which (due to a long term breakout) has a positive impact on LONG positions.
Presented here however possibilities consider short term price movement which is restricted by previous behaviour of global traders community. Breakout above current resistance will result in signifficant price movement towards the upside - possibly well above presented here top from 17'th of August (LONG term dynamics).
We can't however exclude here long term (strong) resistance in this area, hence tight stop losses are recommended and appropriate capital managemet as always is cruicial for the long term outcome of trading activities.
For short term traders LONG here isn't a bad idea since there is a little bit of space for growth, considering visible RSI and supportive (not presented here) 100 Expotential Daily Moving Average. Apart from my cold storage capital - I stay here out of trading, waiting for further price development after unfinished yet weekend.
Have a great day - and good luck with your consistency.
IOTA/BTC (Test Major Support?)💎Technical Analysis Summary💎
BINANCE: IOTABTC
-IOTA is trading on a downtrend channel
-It is approaching the key support area at the 2100s sat
-If we see a reversal or channel breakout
-That's a good entry point with proper stop loss location
-The upside potential is up to 2900s sat or higher
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Not Financial Advice
Please Exercise Risk Management
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IOTA/BTC (Strong Bounce @ Golden Fib?)BINANCE: IOTABTC
-Strong bounce at major support area around 2500 sat
-This zone is a confluence of golden Fib level and 200D MA
-If the daily candle closes back above the trendline support
-There is a chance IOTA to test the 3100 sat potential new resistance
-Still very high risk, Bitcoin should stabilize for Altcoins to recover faster
-Please exercise proper risk management in this time of sell-off
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IOTA (MIOTA) - September 2Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We must see if we can ascend above the 0.38833201 point.
You should also check if you can get off the downtrend line.
It remains to be seen which of the two uptrend lines will rise.
To get out of the low range, we have to see if we can ascend above 0.57409842.
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The volatility period I mentioned yesterday seems to have changed due to the gap in USDT dominance.
Volatility was expected around September 4 (September 3-5) as seen in the XBTUSD chart, but this also appears to have changed.
However, I think it is necessary to carefully check the BTC price flow.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
IOTA (MIOTA) - August 26Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We must see if we can ascend above the 0.38833201 point.
You also need to make sure you can get support at point 0.35335297.
If it falls at the point of 0.35335297, I think it is necessary to trade in installments to preserve profit and loss.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
IOTA: Stalling of the Pump. But for how long..?Technical (TD Sequential):
2M
Last candle close formed a Red 9 and has been confirmed by a +75% pump, long term bullish
2W
Currently forming a green 9
EMA/SMMA cross up, bullish, but will probably pull back first
3D
Last candle close formed a green 9
Holding so far in the channels equilibrium
Seems strong but stalling short term, pump needs to take a breath,
Fundamental
Chrysialis Upgrade Part One was just released and the network runs currently on a stable 50 - 70 CTPS / <10s confirmation Time (!) at the moment - feeless obviously.
IOTA releases a lot more stuff until the end of the year: Roadmap
Conclusion
I expect a short pullback (for ~2-3 Weeks)
I expect a pullback to the 0.30 - 0.35 area
The best has still to come according to 2M chart and fundamental analysis