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IOTA/USD how it can be played out on 1h chartIOTA finished major 1st cycle and I'm assuming that we're currently in the beggining of second one. Big wave 1 seems to be finished and we entered bearish wave 2. Now it's a tricky situation, because we're still in bearish market, and alts are moving very slow. Trading in a market like this one, is not for begginer traders as it's very difficult and tight stop-loss is a "must have". It's always easier to invest into bull runs and "join the fray" as everything is going up. As market is bearish, we have 2 options available (for begginers): It's great opportunity to buy your favorite coins very cheap It's nice opportunity to check out some tactics and formations, which will help you evolve to be a better trader. More advanced traders will play short positions or even play with leverage on some coins. But that's a diff. topic. Back to IOTA: on 1h chart, I see 2 options here, A) it's in wave "A" and soon wave "B" will start. Waves seems OK, as every wave has 5 waves and there are 5 waves more in there, with ABC waves at corrections. So wave "B" can start shortly, if that 70.80 level will not be broken. B) It's in wave "C" as "A" and "B" were sooner, and we're up for wave 1. In a bigger picture it does not matter as we should be entering bullish move one way or another. I have set some targets there for wave "B" or wave "1" at the strongest resistance levels. If I'm taking a position here, I would play with tight Stop-Loss as mentioned earlier, below that 70.80 lvl. And I would wait for that "Falling Wedge" formation breakout. IF price will fall lower, the next nice buy-in would be at the trendline below. ------------------------------------------------ In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former). DISCLAIMER I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss. If u like my charts, follow me on Steemit or Twitter
BITFINEX:IOTUSD
by Voytech
IOTA ready for lift off soon!IOTA one of our HODL COINS! Working in some huge channel formation leading up from the beginning.... we should still see a retracement down to 1-1.2$ - accumulating as much as you can in this price will make you very rich indeed come a couple of months down the line, when we make our way to ATH's expect up to 5x ROI. I also expect more downward action as i see BTC going all the way down within the next couple of weeks, the smartest of you will know the alt markets follow the BTC markets and thus will wait till BTC takes the beating down to 5.9k again. Please remember, we are looking for a long term entry.... :)
BINANCE:IOTAUSDLong
by UnknownUnicorn1824771
IOTA/USD Cann Still See More DownsideHello Traders, In this analysis, I am looking at IOTAUSD. This crypto is also correcting the move lower. It has already lost more than -40% of its value. Like always, cryptos are very volatile as you can see and having the right risk management is key to survive in this market. Anyway, with the new low and trendline break, I am expecting more downside to follow to the areas mentioned in the chart above. At some time when the crypto reached that area, I am looking for a bigger correction to the upside to at least to the trendline (drawn in the chart) Invalidation level for this view will be the low at 0.9058. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:IOTUSDShort
by TradeFxTrends
8
IOTA - H&S to new lows or nearing support?TL:DR I love and I hate IOTA. It is one of my top 5 holdings because (1) it is very different from everything else (2) has feeless transactions (3) is a registered nonprofit in Germany giving it legitimacy and accountability (4) They have an impressive cadre of scientists, mathematicians, developers, and businessmen (5) they have partnered with many big name IoT companies... BUT...(1) by this time they really should have released a beginner friendly wallet, FAR too many people are turned off by their wallet causing them to lose potential community members and developers (2) they are nowhere near their claim of horizontal scalability, even with troves of active community members spamming the network (3) deadline issues (4) just plain bad PR Then there is 'Q', the elusive white whale of the Iota community. Who knows what or how far away we are from it so it's a neutral for me. For now I can forgive their faults as they openly admit they are in Beta and don't expect to be fully functional til Q4 '18 or Q1 '19. Although they need to fix their wallet 5 months ago. In terms of price action we saw Iota lead the market upward on news back in April. Unfortunately the news was just that, news. They published a new website, the announcement and details of the Ecosystem, and the announcement of 'Q'. No finished products, nothing that actually increases its adoption and use. Unsurprisingly we have seen it fall with the rest of crypto. Iota looks to have formed a wedge or pennant pattern. Many chartists have called a Head and Shoulders pattern on IOTA (and many other Alts) which I do not agree with. Just to be complete, though, I have marked the Head and Shoulders target area which is between $0.965 - $1. I believe this signal is just noise and not a valid H&S but time will tell. The 33% retrace line held as support on 5/7 but has since been broken and will act as resistance as seen on 5/15. The 50% retrace also acted as support but has since been broken and is currently acting as resistance along with the top of the wedge. Next look to the 66% retracement area which I expect will act as stronger support and will hopefully be where we bounce higher and break through the pennant. 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. ***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
1
$IOTA USD - Possibly not time to shine yetGood day traders IOTA is kinda playing in no man’s land right now. Currently we’re trading below both the 100 and 200 MA on the 4 hr chart. With the 100MA about to cross the 200MA, we might see some additional bearish momentum. Additionally, we have a bear flag being formed to complete this ABC zig zag that should target the .786 correction at roughly 1.30 range. Set your alerts and let this one unfold. If we end up trading above $2.10 without visiting the lower regions first, we’ll be in bullish territory so let’s stay tuned.
BITFINEX:IOTUSDShort
by Kinashi_San
IOTA is still in down trend channelWe can see IOTA is still in down trend channel and head and shoulders target match major support lines, what a coincidence, it's just beautiful. Fibo time zones is telling us to watch out on May 21st. something big could happen. The low volumes make me think that price will cross down the neckline and we will see massive drop and panic. I am ready to buy at the bottom of the channel, but you could short if you can, just wait for more confident neckline crossing.
BITFINEX:IOTUSDShort
by IskrenIvanov
5
IOTA is drawing head & shouldersIf price broke the neckline (i.e. if we see daily candle closed below it, which we can see but it is still very slightly) IOTA will move down (I have drawn how much down). My bets are that it will go through the neckline, so, save your money to buy low. DeM gave us a sign for overbought market, now the price have made top below EMA 14, these are signs that the price will go down. Fibonachi time zone shows us that May 21 could be top or bottom.
BITFINEX:IOTUSDShort
by IskrenIvanov
17
IOTA is one of the Biggest Losers of DayThe Internet of Things project’s cryptocurrency is one of two true “leaders” of the day as it has suffered significant decline and has lost about 7.62 percent in the past 24 hours. The currency pair reached new local lows at $1.68 area. IOTA jump off this support level later and almost touched the local descending trend line (red). IOTA price is far below the Ichimoku cloud meaning bears have full control over the market in the moment of writing. The possible scenarios for the crypto are the following: 1. IOT/USD will move upwards and test the red local descending trend line. If successful, the buyer will be able to reach the closest resistance area at $1.79. 2. IOTA will start to decline and reach the closest support area at $1.68, which coincides with the local lows, established yesterday. 3. The coin will stay close to the current levels without significant changes. The currency pair has reached the higher border of the Ichimoku cloud on the daily chart and the moment of truth has come. Bulls are still in control over the market but may lose their momentum if bears push the price below the indicator. Check more detailed crypto analysis HERE
BITFINEX:IOTUSD
by UToday