A trading opportunity to buy in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.96)
Ending of entry zone (0.70)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.16
TP2= @ 1.33
TP3= @ 1.62
TP4= @ 2.04
TP5= @ 2.60
TP6= @ 3.10
TP7= @ 3.92
TP8= @ 4.75
TP9= @ 5.80
TP10= Free
Iotausd
Bearish break out on IH&S. Short.IOTA was again limited below the 1.2548 Resistance on 1D, which is now neutraly biased (RSI = 48.321, Highs/Lows = 0, ADX = 18.546). We see two successive curve patterns with the latest however breaking the formation by crossing 1.0710. This is a bearish break-out signal on 4H, which is already reversing (Highs/Lows = -0.0103, B/BP = -0.0219). There is no reason to alter the targets on IOTUSD: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459.
IOTA, will it or wont it?Expecting rejection off the 0.618 and down to the 0.382... IMO there is room for it on both Stoch and RSI daily. I have been trading 4hr and 1d TF only.
IF the 0.618 if convincingly broken then will probably follow upward to around $1.2
This also reflects what I think will happen relatively with BTC, but that too could well prove bullush short term.
This is not investment or trade advice of any kind.
GMTK
IOTA AT $1 NECKLINEHey guys, IOTA, similar to brothers BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at the important 1 Dollar. We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out!
In the direct correlation of IOTA/BTC, we're still holding important support at .15.
If we cannot break to the upside, we're looking at the lows at 0.93 & 0.88, which is a huge support & former resistance area. So, if you wanna play bullish , never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money.
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Channel Down emerged. Still short.The price created the new Channel Down (RSI = 33.428) on 4H that was projected and Highs/Lows = -0.0270, B/BP = -0.0543, MACD = -0.035 already point towards the 0.888 support. 1D remains on a perfectly balanced downtrend (RSI = 39.385, ADX = 30.901) and the lack of oversold aspects indicates that the new bearish leg on IOTUSD can be sustainable and on a steady pace. The targets are intact: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459. IOTA remains a medium term short opportunity.
IOTA EXPECTED BOTTOMS AND BUY TARGETSIOTA BUY TARGETS. LOOKS LIKE A DEEP RETRACEMENT COMPARED TO THE OTHER TOP 20 COINS. COULD POTENTIALLY SEE IT GO ALL THE WAY TO THE BOTTOM OF THE PURPLE LINES, BUT GETTING LOTS OF CONFLUENCE NEAR THE TOP AND MIDDLE OF THE PURPLE LINES. TAKE A CHANCE AND PUT SOME BUY ORDERS NEAR THE BOTTOM OF THE PURPLE LINES, MAY GET LUCK AND GET PICKED UP BY A WICK. ALSO THE MARKET MAKERS MAY INTENTIONALLY GO DOWN THERE TO TAKE OUT THE STOP LOSSES BEFORE IT MOVES UP.
LOOKS LIKE IT'S FOLLOWING A CHANNEL AND MOVED ON TO NEXT CHANNEL, AND USING THE PREVIOUS CHANNELS RESISTANCE AS A SUPPORT.
LET THE TRADE COME TO YOU. AS LONG AS YOU HAVE A PLAN (A,B,C,D,&,E) THERE IS NOTHING TO FEAR.
MAY UPDATE FURTHER DOWN THE RETRACEMENT LINE,
NO STOP LOSS FOR PRICES THIS LOW.
GOOD LUCK TRADING,
Consolidation is over. Short on a new Channel Down.IOTA broke the Rectangle pattern on a Bitcoin fueled rise on 1H but was still contained under 1.2582 of the previous High as seen on the 4H Arc shape. This neutrality (RSI = 50.167, CCI = -18.5085, Highs/Lows = 0.000) should break now as IOTUSD resumes the dominant 1D bearish trend (MACD = -0.076) on a new Channel Down. New shorts have been added with TP = 0.7947 as previously and the Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459 the next supports/ target points.
IOTA at important channel supportHey guys, IOTA is at an important channel support right now, with the lower wick at 1.13. This channel support is upholding since 6/30, and a break here together with granpda BTC would be decisive. We're right now still holding 26 EMA both in IOTA/USD, as also in the direct correlation of IOTA/BTC. There we have established a support line around 0.000175 => Once we break bearish, IOTA would be more leveraged than BTC. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
To the upside we have reached the same Highs as on 6/19 with 1.25. We'll have to develop some strength to break that.
All in all, an upward channel is like a normal equilibrium, only on steroids. So bulls, beware! ;)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTAUSD: Double Bottom support strong, looking for resistanceTL:DR - Double bottom shows strong support at $0.93, expecting range bound/sideways action for the next several months
This is the IOTAUSD chart with 1h candles. Here was my TLDR from last time: Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. It really is amazing how market psychology reinforces certain price levels. In the last week we have seen Iota retest the $0.93 low set up in early April and within two days bounce off this level. Clearly $0.93 is a strong support level for Iota.
Where does price go from here? We have bounced off of a strong support and seen a 25% increase over the last 5 days. Next we will run into the upper bound of the descending triangle set up somewhere around $1.40. My suspicion is we will break the resistance line in the next few days but will then struggle at previous levels, notably: $1.50, $1.55, and $1.94.
My overall outlook for the entire market is that the worst is over. We may go slightly lower but not by much. This is the time where those coins just in it for the lambos go bust while the coins that really want to change the world silently plug away at making something revolutionary. As such I would expect we see range bound action in the whole market with projects pumping randomly on news. Support for Iota will be $0.93 whereas resistance will be $1.55, $2.00, and $2.57. These are the levels I would consider trading a small portion of stack in hopes of earning more.
***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
IOTA Holding the linear trend lineIota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory.
It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since last lower high we've got on the 3rd of July 2018). Many guys are posting here that IOTA broke the support, but try to switch your scale and you will see that we have got a nice bounce and that the last lower high fits better with the linear scale.
So for me it's not a sell yet!!
Especially not with other indicators like MACD and RSI printing a bullish divergence and the daily stoch RSI having on the bottom as well.
Let's have a look how iota will behave around the 1,45$ (if we get there :-)
In case our uptrend (support) line gets broken, we can expect a quick fall into a double bottom at 0.9$. From there we could see a reverse of the trend or continuing our fall, which would be very nasty (trying to find a new bottom on the support line of the falling wedge which could go very deep and form a zig-zag ABC correction). Moreor less the further development of the price depends on the bitcoin's price anyways.
Stop loss under the local swing low ( I'll set it up at 1,111$ because it's a nice number)
IOTA ABOUT TO BREAKOUT FOR 400% ? - CryptoManiac101Iota is nearing a possible breakout with 54% possibility of upward breakout according to prior cryptocurrency pattern breakouts of symmetrical triangles. We also should not disregard possibility of downward breakout which stands at 46% possibility. That is why we have Safe SL outlined on chart.
Most breakouts occur within 70% - 74% of pattern progress, however earlier breakout are likely.
Long term holders should go into this coin regardless.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
IOTA. It's dangerous to buy now the trend line was break by buyers, after sellers returned the price under the trend line after 2 months.
After breaking the trend line down, its test is now under way. If he is successful - then I see the following:
1) The price falls to the price zone 0.74-0.81 - from where it again tests the trend and goes 0.51-0.56
2) The price falls to the price zone 0.74-0.81, from where the rebound begins to 1.11-1.21
I will consider the long variant only when the price is fixed above the price range of 1.11-1.21.
IOTA, recovering 3-day loses in the rallie.Two days ago IOTA broke down its symmetrical triangle consolidation pattern, as we imagined that strong further losses were coming for the currency, waiting for a drop similar to the chart span. The move was doing the job but the BTC made a long rally yesterday and dragged al the crypto charts with it, IOTA did the same and recovered 3 days loses in 6 hours. now the price is moving in range over the pivot R1 turned now as a support.
IOTA/USD going to 0.70$?!IOTA may be destined to hit 0.70$, if BTC goes to 5000$. Indicators showing bearish scenarios, if it does hit 0.70$ (i'm not a financial advisor) but i would say it would be a great buy opportunity since i am hoping the market will spike when BTC hits between 5000$ and 4800$. Be ready this scenario is very likely to happen and will make IOTA one of the biggest players of the market for the end of year!
Equilibrium broke like anticipated, now take profit!Hey guys, just like I've been posting yesterday, we have broken the equilibrium in the 4H bearish together with grandpa BTC & reached the previous lows at 0,88 with more than 5% profit potential .
So: If you played this like I suggested: Good for you! Now it might be time to take profit (if you haven't so far) & wait for further price action on Bitcoin . We're right now highly oversold in the 4h & Daily with BTC , and grandpa still gives the direction.
If you don't want to miss equilibrium breaks next time: Please follow me & watch my daily videos! (description in my status). I wish you a good trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.