IOTA FACING RESISTANCEIOTA is faced to important resistances against dollar, Bitcoin and Ethereum. A breakout could be strong.
Against bitcoin broke another time the psychological resistance of 0.00024 (first ATH against BTC). It attempted to break it during the strong bull run of end 2017 but it was not supportive.
It is good possible that IOTA found yet more strenght to transform this resistance on support.
Actually is in a channel and is trying strongly to break a resistance inside this channel.
Against dollars it's also facing an historical resitance. Same for EHT.
If it break all this resistances. It would be a clear buy. Otherwise return to the trend.
BIO
Iotausd
IOTA bullish flagAfter leaving the long descending trend channel IOTA rose quickly to about 2$.
It´s now between two swing trend lines; one at 2.38$ and the other at 1.78$.
It then lost the momentum and entered a bullish flag - which can also be an ascending triangle. Both patterns are positive in the long run.
As long as IOTA doesn´t cross the support at 1.78$ the trend stays positive.
RSI is in bullish zone, levelled out and could start a new rise.
ADX: DI+ has lost of its momentum but also levelled out, while DI- is about to fall.
conclusion: at the peak of the mentioned triangle a breakout to the top is very likely. the first aim could be the fib retracement 38.2% at 2.42$
Stop:
first stop at support 1.78$ (swing trend line), second stop at support 1.63$ (fib retracement 23.6%)
trend is broken if IOTA crosses the second support and remains below
IOTUSD Long Position - Bull flag in the makingIota is becoming one of the top names in the crypto scene and is truly trying to change the entire automisation industry.
They've had some big partnerships in the past and keep releasing big news quite frequently. There's some big stuff coming in the nearby future which will for sure boost it's price, however in the short term I think we'll see it retest it's high from a day ago ($2.70/MIOTA) and maybe break up even higher towards the next resistence level.
IOTA end of wave 3?IOTA has hit the 1.618 fib extension level of wave 1-2 and therefore this could be the end of wave 3, and wave 4 is about to begin.
My targets for wave 4 is around $2.2 - $2.1 these are the .5 and .618 retarcement levels respectively of wave 3.
In regards to wave 5 i have two possible scenarios either a truncated 5th back to $2.6 which would mean that wave 5 is equal to wave 1. Alternatively if price continues past $2.6 my second target would be $3 this as this is the 2.618 fib extension level
This is not investment advice, just my opinion
IOTA , is ready to take off. Don't miss it !!!Technical analysis:
.IOTA/DOLLAR is in a down trend and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 46.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (1.55 to 1.00), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (1.55)
.Ending of entry zone (1.00)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 2.61
TP2= @ 3.04
TP3= @ 4.19
TP4= @ 5.54
TP5= Free
IOTAUSD (IOTA) Cycles, Tigers & No Bears, Oh My! IOTAUSD 2018-0419 12:49 a.m. EST. Mansfield
Hola trader friends! Looking around cryptoland, it's easy to see that many of the main cryptos were kicked off “Down Channel Road” or thrust out of “Falling Wedge-ville. Ah, but they moved up to greener pastures!
If you missed the many easy breakout around cryptoland, I have a pending buy setup, so take a look at IOTA. It’s a favorite of mine because:
• It’s completely decentralized and is not mined in a traditional sense. Instead, IOTA utilizes the individual computing power of its user's base phones or computers, not dedicated mining farms, to hash and record transactions. You validate your own transaction once you have validated two other transactions within the network/tangle.
• It is virtually infinitely scalable.
• It can currently supposedly handle 1000+ transactions per second (TPS). Some say it will eventually provide many more TPS. Ripple can supposedly do 1500/tps but it’s a more or less a centralized technology that is your banker’s potential best friend, not the typical crypto crowd’s favorite structure, even it if can make them greener. Meanwhile, Bitcoin can only do 7/tps, with Ethereum at 300/tps.
• ITOA is feeless! Why? Because it relies on a new machine to machine transaction protocol via the IOTA Tangle (think blockchain without traditional blocks) that uses a form of Directed Acyclic Graph (DAG=tangle) technology, that looks like an AI neural net schematic.
• Offers offline transaction.
So what is the catch? What do you think? We would love to hear your opinions.
SITUATION: IOTA exploded upwards from it’s falling wedge-AKA diagonal triangle-and granted cryptoland a captivating 75% move off the low! IOTA looks like it is currently just hours-perhaps 1-2 days before the top of its first wave up (labeled 1, medium blue line). After this quick sideways (now?) to lower correction, there will be an opportunity to reenter the likely new uptrend (even if it is a large retracement of the crash) near the upcoming minor Wave 2 low. This buying opportunity will likely be 3-8 days after the Wave 1 high. If this 1st leg ends up with 5 waves, which seems to be the case, then we will very likely be in a new trend phase up, not just a reactionary bounce. (Also see my EOS charts for the pre-breakout trade and cycle and wave projections.)
TRADE IDEA: Consider buying ITOA into the pending Wave 2 pullback. After the W2 low, we should see at least one more wave up, even if this is just a correction of the crash.
The up move looks impulsive so far, so we should see two more up waves to around 3.10 (w3 area) and 3.65 (w5 area, a 62% retracement). We could possibly see 4.40 (a 78% retracement). So consider being a tiger on this one.
Note, that this 5 wave up sequence will likely be a just a larger Wave 1, meaning more to come if this wave count is correct.
CYCLES: Note that the longest cycle (blue) is the dominant cycle, as such, it will typically override the other cycles. The best situations arise when two or more of the cycles are heading in the same direction. Choppy markets occur when cycles are out of phase with each other. I have deleted a longer and medium-term cycle for clarity. And, there are other cycles as well, but I think these are the ones to watch for now.
The market popped up right on schedule with the longer-term cycle low! The short-term cycle (pink), medium cycle (green) and the longer-term cycle (blue), are currently moving up together with the two shorter-term cycles topping soon. The current medium-term cycle (green) is topping within 24 hours, while the short-term pink cycle tops 3-5 days later, so be ready. However, because the long-term cycle recently turned up, the Wave 2 correction could be brief or sideways as it has traded recently.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
IOTA TRADING OPENS ON MAY 4TH ON ROBINHOOD THE NEWS IS OUT SINCE EARLY THIS WEEK. A lot of folks start buying IOTA since this Monday, and they are looking for a decent profit. Once the Robinhood opens the market for this coin, customers are able to purchase IOTA with BTC, ETH, and USD! But, it is believe that those folks who already bought this coin during the last few days, will sell. This might cause a significant price drop, but it will most likely be recovered. Robinhood (Cobinhood) is a decent mobile application to buy stocks and Cryptos. There are a lot of cash $ sitting in there and it's a very minimal of chance that IOTA could not recover.
IOTA: CRYPTO BOTTOM SIGNAL = 38.93% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 38.93% PROFIT!!!
The increase in price may also be explained by positive developments including:
20 April: Fujitsu is set to introduce IOTA at the Hannover Messe trade fair in Germany this month. A Fujitsu Full Node that is connected to the first K5 Enterprise IOTA full node will be unveiled at the event.
20 April: The IOTA Foundation (IOTA) and InnoEnergy Scandinavia (InnoEnergy) signed a Memorandum of Understanding coming into effect this month. The two parties will collaborate on the development of smart community solutions and business model innovation
21 April: Fujitsu full node demonstrated at Hannover Messe trade fair in Germany. This allows for machine to machine payments and secure component tracking between robots.
30 April: IOTA Snapshot outline. This aims to reduce the size it takes for nodes to save the entire Tangle (to disk).
1 May: IOTA Ecosystem website is released. This includes an IOTA Development Fund that provides financial support to developers who make use of the IOTA platform.
(NEW) 2 May: IOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW, Ford, General Motors, ZF, and other mobility and Distributed Ledger Technology (DLT) leaders to form a new mobility industry consortium fostering joint development of DLT standards, pilot projects, and open source software tools.
(NEW) 3 May: I OTA Foundation is excited and proud to start the official unveiling of Qubic
(NEW) 2 May: Forbes publishes article on IOTA's price rise.
(NEW) 3 May: Huobi to list IOTA.
The positive news combined with the uptrend in prices from the general crypto markets can explain the increase in price.