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IOTAUSD - Nearing decisive point for descending triangleTL:DR - Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. This is the IOTAUSD chart with 1h candles. On my last update there was a classic sell the news event where Iota finally announced details around Qubic and saw a drop from a high of $2 to a low of $1.74, about a 13% loss. This set off a multi-day bear market to where we are now, looking for support around $1.15-$1.20. In the mid term picture charted above I see one of two set ups as most likely. What we see right now could be a higher low formation which may set Iota up for a higher high. Another possibility is further price decline to the extreme support of $0.93 where there is a high likelihood of a bullish reversal. Either way I see what is essentially a descending triangle which is generally a bullish signal, made even more significant by the long timeframe. Like the rest of this market, a bearish break below support at $0.93 would likely be catastrophic. If this occurs I have no idea where a price floor would be, perhaps another 33%-50% lower. I don't expect this but it is a good idea to prepare for the worst. ***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.***
BITFINEX:IOTUSD
by ruud_one
2
IOTA crashes with the CPPIOTA received the boost from the bulls at the beginning of the day that brought the price to the Central Pivot Point at $ 1.25 but quickly lost strength and resigned the whole raise sending the price to $ 1.16 where it is at this time losing important supports as the EMA-100 and the MA-50. The next important support is $ 1.15 and we must be alert to a possible breakout there to enter short to look again at the minimum of April. The technical indicators on this 1H chart point towards lower corrections and the stochastic is pointing downwards inside the overbought level.
BITFINEX:IOTUSD
by Forex_Academy
IOTA READY TO BREAK OUT OF THIS PATTERN? - CryptoManiac101IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break. Recommendation Investors looking for safe entry, wait for firm break, then do tight Stop Loss. Current investors should set SL at rising line with rebuy order at demand zone thereafter. Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL. We are neutral on this trade until Bitcoin goes into recovery. Enjoy this trade 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.
by CryptoManiac101
1
IOTAUSD - possible development if residentline holdsHey, this is just an idea how IOTA might develop in the upcoming 30-45 days. We have seen similar Patterns in the past and a break out is possible. To be able to break out, IOTA Needs to proof the residentline of the past months. If this one breaks a fall back to 94 Cent or deeper is possible. If the residentline holds a break out of the triangle is possible. The upcoming fair in Germany in which Volkswagen and ist CDO is partnering might be a good start for a breakout of the triangle. Please: this is just an Analysis based on daily Chart and past RSI - The last break Outs happend: 1. when IOTA foundation announced the data Marketplace and the companies taking part (beginning of december) 2. IOTA was part of the worlds largest Technology fair in Hannover partnering with Fujitsu (end of April) 3. Possibly the upcoming fair when partnering with Volkswagen - only an estimation.
BINANCE:IOTAUSD
by EngineerT
2
IOTA found support at $ 1.32IOTA has lost -1.54% in the last 24 Hours where it found support at $ 1.32 after dropping more than $ 0.42 cents over the weekend as well as all cryptocurrencies, sellers still do not want to exit the market and they are pushing the price very much below today's center pivot point. The RSI and the Stochastic already appear saturated in the oversold zone so the arrival of buyers is expected at the beginning of the Asian session, $ 1.44 is the Central Pivot Point, first target to attack for buyers.
BINANCE:IOTAUSD
by Forex_Academy
Weekly review of 10 major cryptocurrencies 4.06.18 - 10.06.18 Last week major cryptocurrencies resumed their decline reaching new local minimums and finished the week near them. Bitcoin reached the minimum of $ 6’620. Its share in total capitalization increased to 38,9 %. The number of billionaire-coins decreased to 20, their total number (according to coinmarketcap.com) decreased to 1’634. The total capitalization of cryptocurrencies decreased to $ 299 billion. Bitcoin fell by 12% from $ 7’720 to $ 6’760 last week, the minimum was $ 6’620. There was the resumption of medium-term downward trend with retesting $ 6’500 with a very possible further break of this level and with reaching new minimums of many months. The week closing around $ 6’500 makes it quite possible this week already. Until $ 10’000 is overcome, long-term technical picture remains bearish. Ethereum fell by 15% from $ 620 to $ 524 with the minimum of $ 496. Ethereum has dropped and remains below both fast-moving and low-moving averages. Meanwhile low-moving average has been declining. Now we can speak of resumption of medium-term downward trend.The support on $ 360 is very likely to stand firm this week. The rise above $ 800 will be a signal of growth resumption. Ripple (XRPUSD) decreased by 16% from $ 0,69 to $ 0,58 during last week with the minimum of $ 0,55. The decrease resumed after unsuccessful attempt to rise above fast-moving average. Low-moving average has been declining. The further decrease is more likely. BCHUSD fell by 20% from $ 1’170 to $ 934 last week with the minimum of $ 892. The rate fell off from fast-moving average. This is a bearish sign. On the other hand, last week fast-moving average crossed the low one giving a signal to buy. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1’800. The further decline is more likely. Litecoin fell by 15 % from $ 125 to $ 106, the minimum was $ 102. The decline stopped for a while before the support on $ 100. But after closing of last week near it, the further decline is more likely. IOTA decreased by 24% from $ 1,80 to $ 1,37, the minimum was $ 1,30. The consolidation around crossing moving averages into buy resolved to going down. The further decline to $ 1 as minimum is more likely. NEO fell by 16% from $ 56 to $ 45 last week, the minimum was $ 43. Retest of support near $ 45 has resumed. The further decline is more likely. Monero declined by 17% from $ 168 to $ 139 with the minimum of $ 131. The support above $ 150 is broken. The further decline with approximate target of around $ 80 is more likely. DASH fell by 19% from $ 331 to $ 269, the minimum was $ 257. The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely. NEM fell by 17% from $ 0,26 to $ 0,215, the minimum was $ 0,206. The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely. Wish you profitable deals and follow our reviews!
BITFINEX:BTCUSDShort
by icexch