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Iotausd

IOTA:USD - Classic "Sell the news" DipTL:DR - classic sell the news situation. I have no idea where we go next. This is the Iota:USD chart with 4h candles. What a classic "Buy the rumor, sell the news" scenario. Iota plummeted 6% in about 5 minutes around the time of the release of the Qubic news. I had hoped to be at the computer watching the trading right at the announcement however family time (which is way more important anyway) made that impossible. I had set some Stop Sells to try and catch a "sell the news" situation but price just dropped too fast and only 1/6th of my order executed. I have since bought back what I sold for a very small gain. In terms of price action We very quickly rejected the dotted red downtrend line that is 6 months in the making as well as the $2 psychological resistance. This is unfortunately quite bearish. I still have faith that as more info about Q is released we will break $2 but right now I just don't know. Ultimately, I have no moves planned, there is no obvious price action and any move would just be a coin flip. ***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
#IOTA is in the clouds, rejection around KS region#IOTA is in the clouds , rejection around KS region. Facing an important test in a few hours . The break above 50DMA (1.88) . If we get confirmation of the break then we can expect a bull run to 2.3 level from iota 50DMA break is important for $iota, currently at 1.88 Historical data whenever #iota has broken 50DMA level: 22 May: -23% drop in 8 days 14 April: +104% in 19days 16 Jan: -74% drop in 81days 9 Nov: +1024% in 27 days 8 Sept: -47% in 55days 4 Aug: +240% in 13 days We need to be on the sidelines till we get a confirmation of the break, if entry is from 1.72 level then SL should be trailed appropriately.
BITFINEX:IOTUSD
by rajista
#Iota update: Bullish scenario #IOT #crypto $iotausdIota has started an impulsive wave sequence Currently it is being supported by 20 & 100 DMA's at 1.68 & 1.61 repectively. Wave 1 made a swing high of 1.66 Wave 2 retraced till 61.8fib Currenly Iota has broken above the Wave 1 high at 1.66. Wave 3 expected as 1.618 ext of Wave 1 , T1 comes at 2-2.05 Wave 4 bullish 38.2fib retrace around 50DMA support Wave 5 expected as 1.27 ext of Wave 1, T2 comes at 2.25-2.30 A more bulish count may also be possible with Wave 3 taken as 2.618 ext of Wave 1 taking that into account: T3: 2.60-2.75 Stop below 100DMA support: 1.6
BITFINEX:IOTUSDLong
by rajista
IOTA:USD - bullish momentum building, will it last?TL:DR Bullish momentum developing on the eve of 'Q' announcement, if it lives up to its billing then I expect a break of $2 all the way up to $2.50+. Underwhelming news could see us back at $1.50 This is the Iota:USD chart with 1D candles. Here is what I said last update "HOWEVER, this chart doesn't show me strength and, unless there is some legitimate good news to increase adoption, I expect we actually move lower toward $1.36." Well price bottomed at $1.34 before reversing on good news. I also discussed in my last update m frustration with their horrible wallet and how it has greatly held the coin back. Since then they have released the Beta version of their sparkling Trinity Wallet which by all accounts is a raging success. With the release we have seen a steady price increase with it currently up 35% from its low 5 days ago. The chart to me shows signs of bullishness however there are 2 major hurdles in the way. The first hurdle is the downward trendline going back 6 months that I suspect will give strong resistance right at the $2.00 area. After this I expect resistance around the $2.50 - $2.57 area. If these two prices can be cleared then we may see major price action to the upside. Now, if price cannot break through the $2.00 mark then I would expect a retest of the $1.50 which has acted as a very strong support. At the moment I believe it would take a Crypto-wide downturn to see Iota break much below the $1.50 mark. One concern I have is that what we are seeing is a "buy the rumor" situation as we near the supposed announcement of "Q" on June 3rd or 6th. The Iota community has been abuzz about Q for at least 6 months and has been a major reason why many have held onto the token. If anything goes wrong with the Q announcement we could see a retrace to $1.50. What could go? A delay, an underwhelming announcement, or simply a "sell the news" type reaction. Time will tell... Fundamentally I am most excited about Ether and Iota and am long term bullish on these two projects. Iota appears to be actively working out its problems related to (1) its wallet (2) horizontal scalability. They also continue to make inroads with large automobile and IoT companies which will hopefully become the backbone of a robust, high speed Tangle. Is the market down from its all-time-high? Yes, Iota is currently down 67% from ATH. To me this is the time to accumulate, just like 2009 was the time to scoop up cheap stocks, now is the time to scoop up cheap coins. The bear market will come to an end and i want to be well positioned. ***This is not investing advice. I am not an investing professional. Do not invest more than you can afford to lose. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
BITFINEX:IOTUSD
by ruud_one
1
IOTA, IOTABTC - Looking Quite BullishIOTA, IOTABTC a popular top 10 coin and has had a huge run-up last year so let's see how it's doing at the moment. Analyses - After a good consolidation and retracing all the way back to the .618 - .65 fib area. This is a good area for support and some buying action. - IOTABTC did manage to break out of the fallen wedge pattern rather forcefully. The spike was not only lead by the overall market sentiment but also due to some great partnerships announcements such as with the United Nations, Richard Soley and DNB ASA in Norway. This could drive the price up more in the coming days/weeks. - A big and forceful spike is very indicative for a wave 3 so if that's the case then we're in an (impulsive) wave 3 of a bigger degree wave 5 at the moment as outlined in the chart. - And if we look at the bigger picture, IOTABTC is looking to make a (big) cup & handle pattern so look for a break out of this pattern as well. So there you have it, a brief perspective for IOTABTC. Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading! Disclaimer This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Long
by Trade_Masters
IOTA/USD (Falling Wedge)Looking like a falling wedge pattern leading to support between $1.6 & $1.7, and that's where the buy zone is going to be in this trade. RSI is showing bullish divergence on the 4h chart, I think it is likely we see another low here before we breakout from the pattern. Favourable Risk to Reward here Entry: @ $1.68 - $1.61 Stop-Loss: @ -8% TP1: @ $1.96, TP2: @ $2.10, TP3: @ $2.26, If IOTA manages to break the pattern to the upside before getting filled, buying the breakout would give a lower Risk-to-Reward value, but I think it still would be a good trade to take. :D
BITFINEX:IOTUSDLong
by NarkoTA