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Iotausdt

IOTA is bullishFrom where we put the red arrow on the chart, it seems that the correction of IOTA has started. This correction seems to be a double (zigzag + triangle) that is now over and the trigger line is broken. By maintaining the green range, it can move towards the targets. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
#IOTA Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: IOTA is under a descending triangle pattern, and the CMP is at the supporting trendline of $0.1448. This support level is crucial for IOTA to hold. A breakdown and close below this level will likely continue the bearish pattern. On a positive note, if IOTA sustains the current support level, we will likely see a rebound, testing to break the resistance trendline at around $0.26. Key Observations: ~ Crucial Support: $0.14. ~ Resistance: $0.26. ~ Rebound Invalidation Point: Weekly breakdown and close below the current support level. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
📈IOTA Analysis: Short and Long Opportunities in Focus💥🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today. 📚While I haven't conducted an in-depth study on the IOTA project yet, it generally operates as a protocol for feeless and permissionless data transfer, actively functioning in this domain. I'll provide more insights into this project once I've conducted thorough research. For now, let's delve into the chart to identify potential entry points. 📈On the 4-hour timeframe, which serves as my primary analysis timeframe for futures, the downward trend is evident, indicating a bearish trajectory. Therefore, with a suitable trigger, we can consider opening short positions. However, initiating long positions on short-term shorts requires higher risk tolerance due to the market's direction. ✨Currently, we are within a support range from 0.2020 to 0.2086, and the price is consolidating within this range to determine whether buyers can maintain this support or if selling pressure will overwhelm them, causing the support to fail. Hence, we need to observe the upcoming developments. If the support breaks, we can expect a target of 0.1719, but if it holds, it may act as a bounce back to the SMA99. 📉For short positions, exert effort to open positions upon the breakdown of 0.2020 and the confirmation of a candle below this level, as this scenario could easily drive the price to 0.1719, offering a favorable risk-to-reward ratio. However, if you're considering long positions, patience is required until the price surpasses the SMA99, followed by identifying a trigger from the candles. The nearest trigger is at 0.2328, but as we're against the trend, consider securing profits at a risk-to-reward ratio of 2 or 3 and leaving some room for a target of 0.2599. 📊Currently, the candle volumes do not provide sufficient data due to recent holidays, with low volumes followed by a sudden increase. Therefore, we need to wait for a few more candles to compare volumes effectively. RSI triggers for long positions cannot be specified due to the timeframe limitation, as price movement towards the range high can significantly alter the RSI structure, rendering the triggers meaningless. However, for short positions, you can consider the breakdown of 27.22 as confirmation. 📝In conclusion, the analysis of IOTA presents both short and long trading opportunities, contingent upon market dynamics and price movements. While the current downtrend suggests potential short positions, traders should exercise caution and wait for confirmatory triggers, particularly a breakdown below the support range of 0.2020 to 0.2086. Conversely, for long positions, patience is advised until the price surpasses the SMA99, followed by identifying suitable triggers. It's essential to maintain a disciplined approach, considering risk management strategies and closely monitoring candle volumes for a comprehensive assessment of market sentiment. As always, adaptability and readiness to adjust trading strategies in response to evolving market conditions remain paramount for successful trading endeavors. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
IOTA/USDT In the crucial support area, it requires to bounce!💎 IOTA has indeed showcased notable market dynamics recently. It's currently bouncing from a support area, suggesting a potential upward movement to test the supply area. 💎 If it successfully breaks through the supply area, it could pave the way for a return to the strong resistance zone. 💎 However, if IOTA fails to hold the support area and breaks down, it could indicate a bearish momentum. 💎 In such a scenario, the price may continue its downward trajectory, potentially reaching lower levels. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
IOTA/USDT It need to bounce on the demand for back to upward!💎 IOTA has recently experienced significant market dynamics, potentially leading it back to the demand zone for a retest after facing a strong rejection from the key resistance area. 💎 If IOTA manages to bounce convincingly from the demand zone, it could signal a resurgence in bullish momentum. This bounce might pave the way for another attempt to break above the key resistance area. 💎 A successful breakout above this level would confirm a bullish trend for IOTA and could facilitate a move towards our target area. 💎 However, if IOTA fails to find support at the demand zone and continues to decline, the next significant level to watch is the support area. In this scenario, IOTA must bounce from the support area and reclaim the price above the demand zone to sustain any upward momentum. 💎 Should IOTA fail to bounce from the support area and instead break below it, it could indicate further downside potential for the price, with the possibility of continued downward movement.
by MyCryptoParadise_Nathan
Alikze → #IOTA | Forming a bullish flag patternIn the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the specified targets. 🟩Sup: 0.19 ~ 0.1963 ⛳️Tp 1:0.293 ⛳️ Tp2 : 0.39 ⛳️ Tp2 : 0.44 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
12