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IOTA Moves Closer to Total Decentralization IOTA Foundation is preparing to completely remove the central node that currently exists to prevent double spending that can occur when the network doesn’t have enough hashing power to be naturally secure. The central node is named Coordinator and its coming removal has been dubbed “Coordicide” by the Berlin-based IOTA Foundation. Although the Coordinator is meant to secure IOTA’s network, in theory it can allow the Foundation to prioritize certain transactions or to freeze funds. Also, it is a single point of attack (if it’s taken over or it stops working, network confirmations would stop) and has been a limiting factor for scalability. The planned removal will occur sometime in 2019 and is widely regarded as bullish. Although IOTA (MIOTA) has dropped almost 14% during the last 7 days against the US Dollar and is in a clear downtrend, it shows potential for a stronger correction to the upside. Currently the pair is trading at 0.23 but has printed a higher low on the second attempt to break 0.20 and is testing the bearish trend line seen on the chart above. If this barrier can be decisively broken, it’s likely to trigger a move above the 50 period Exponential Moving Average (red line) and into the next resistance at 0.25. A break of the latter would score a major victory for the bulls, opening the door for further upside. Support zone: 0.20 Resistance zone: bearish trend line (still not completely broken at the time of writing) and 0.25 Most likely scenario: break of trend line, test of next resistance Alternate scenario: false break of trend line followed by another attempt to break 0.20
BITFINEX:IOTUSDShort
by CryptoComes
1
IOTAUSD - 1D Chart AnalysisIota is also one of the crypto currencies which has the price in the "middle" and like the rest, it's price has dropped starting with the 13th of November being influenced by the massive decrease of the market capitalization and since then it has started a sideways movement. At this stage, it is traded below the Pivot Level (average price) for 1 week and as long as the trading volumes will remain the same, the chances to see a big change in the price movement are quite low. From the technical perspective, the Stochastic is very close to the level of 20 but the %K (blue line) seems to be about to cross the %D (red line), indicating a slight drop of the price. On the other hand, the RSI is 29 and it's position is indicating a possible increase of the price, confirmed as well by the MACD as long as the latter has just crossed the Signal. Having this contradiction between the technical indicators we can expect another short period of time in which the price has big chances to move sideways, close to the Pivot's value. If the trading volumes will remain at the same level, the awaited "correction" of the price can last longer and a possible target price can be 0.2059$.
BINANCE:IOTAUSD
by ReadBTC
IOTA: Time for Bulls to break out Today, Id like to mention IOTA (IOT). Recently, A new partnership has been announced by the IOTA Foundation with RIDDLE&CODE, a blockchain-based hardware and software company. This collaboration is set to facilitate transactions on IOTA Tangle, of which will be autonomous machine-to-machine. In simple words, 5 years from now, in new intelligent factories, the robots communicate over the tangle with an RIDDLE&CODE chip inside, paying the supplier piece by piece and delivering real time information over the tangle to optimze the process. How will that influence CryptoMarket? A decent rise has been seen for IOT/USD. Gains wasn't that big but of 9%. The price managed to receive much needed support, from a lower trend line. This is actually part of a larger bearish pennant pattern formation. Well, Bulk sell-off has been taking place from 7th November, as a result having lost over 50% over this period. Price action has stabilized, after forming a bottom area around the $0.2600 territory. A narrowing has been seen, as a result forming the mentioned pennant. Given current price behavior, it does suggest a breakout could be right around the corner. Immediate resistance should be noted at the upper trend line that has formed this bearish technical set up. This can be seen tracking around $0.2950. Should the bulls manage to breakout from this? There isn’t much in the way of resistance until $0.4400 area, where the price consolidated briefly between 14-18 November, before resuming drop. Trade with caution and on your own risks. Good luck!
BINANCE:IOTAUSD
by Emily_Brown
2
IOTUSD: 1st target hit. 2nd projected towards the end of JanuaryTP = 0.3200 hit as the 1W Channel Down (RSI = 34.160, MACD = -0.306, Highs/Lows = -0.1732) made a new bearish leg nearly making a new Lower Low at 0.2450. Based on this channel and the Lower Low support (dashed line) we will pursue our final TP = 0.1495, which is projected to be accomplished near the end of January. However due to the highly probable scenario that the crypto market is near a bottom, we are prepared to close that final position (still on profit) if the price jumps above 0.4000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:IOTUSDShort
by InvestingScope
1
IOTA/USDThe down sloping 20-week EMA and the RSI in the negative territory show that every pullback will be met with selling pressure. As the support at $0.28 broke, the fall can extend to the next lower level at $0.1427. Still, there is a minor support close to $0.23 levels. However, if the price recovers from the current levels and rises above $0.4037, the digital currency might consolidate for a few weeks before attempting to start a new uptrend. I would wait for the trend to change before buying. Not an advice, just an opinion
BITFINEX:IOTUSD
by JamBirrt
IOTUSD: New Lower Low made. Channel Down intact.IOTA has just priced a Lower Low on the 1D Channel Down (RSI = 34.297, Highs/Lows = -0.0018) and even crossed Augusts 0.4050 low, which was the bottom on the 1W chart (also bearish with STOCHRSI = 28.684). A retrace tp 0.4570 is expected before IOTA finally tests the 0.3200 November 02, 2017 low. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:IOTUSDShort
by InvestingScope
5
IOTA Full Setup Next Target 61% !!IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels, Long - 7700 Target Will be First Target 8200 & second 11000. if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000. I hope that Price can fly From Buying zone. Share Your Opinion in Comments. if You Satisfied With My idea Then Dont Forgot To Hit Like. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Long
by TRADiNG_hub