Iotausdt
IOTUSD - Market AnalysisHi,
This chart shows the decending trendlines which are acting as resistance at the moment. My outlook is that the market will remain brearish untill these resistance lines have been broken through... there is support at $0.90 - $0.96 from the previous lows but this support has already been tested multiple times; I beleive if the price comes back to this level again, then it will likely break below the support.
I don't own any IOTA, I just keep an eye on the price for my friends. This is not financial advise, doing your own research is encouraged :)
Any thoughts or questions feel free to comment,
GLHF!
IOTAUSDT: Price Near Longterm SupportIOTA is hovering near its longterm support - we will use this opportunity to open a small position with a tight stop loss targeting a 50% fib. retracement from the previous high. This trade has an excellent risk reward ratio as long as you adhere to the stop loss (on candle close)
Buy: 0.98 - 1.00
Target 1: 1.16
Target 2: 1.34
Target 3: 1.59
Target 4: 1.89
Stoploss: 0.87
IOTA is bullish on daily chart!!! (Confirmed Breakout)I see some bullish divergence at macd on IOTA's daily chart also it broke daily inclined resistance from descending triangle. It is a good chance to go long for IOT/USD.
PS: If we break small channel which is around 1.12 , real rally will start then we will see 1.90 soon.
Buy-in zone:
0.87-1.08
Take profit:
1.90
2.61
Stoploss:
0.75
Have a nice day,
Berk
IOTA SHORT to 0.79$IOTA is moving inside a triangle which is formed by a strong support but at the same time a very strong resistance (coming from ATH) is crossing down the triangle. Daily Stoch RSI points down. RSI turned down. MACD neutral but might turn downward soon. In case IOTA breaks the support it might still continue to decline to ≈ 0.79$ level and there it will touch the trend line. IOTBTC chart doesn't look good at the moment.
Also given the fact that BTC might retrace a little bit since it is overbought and IOTA reacts to BTC downtrend with 2x I see this target easily reachable.
0.79$ level will be a good level to buy (depending on the price action)
------------------------------------------------------------
***** This is not a trading advice. Please invest responsibly *****
IOTA - Potential Reversal or Trap?1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area
2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high
3. Symmetrical triangle is being formed indicating a breakout soon
4. Using Tom DeMark Sequential on the weekly chart, last week's candle gave us a TD Red 9, forming a TDST support at $0.93
I believe right now would be a great time to open a long position due to the reasons listed above. Stop loss would be at $0.93 where the TDST support and the Gann Fan intersecting point is also located at. Please note that the TDST support is not considered broken until the weekly candle closes below it, so beware of fake outs.
IOTA EXPECTED BOTTOMS AND BUY TARGETSIOTA BUY TARGETS. LOOKS LIKE A DEEP RETRACEMENT COMPARED TO THE OTHER TOP 20 COINS. COULD POTENTIALLY SEE IT GO ALL THE WAY TO THE BOTTOM OF THE PURPLE LINES, BUT GETTING LOTS OF CONFLUENCE NEAR THE TOP AND MIDDLE OF THE PURPLE LINES. TAKE A CHANCE AND PUT SOME BUY ORDERS NEAR THE BOTTOM OF THE PURPLE LINES, MAY GET LUCK AND GET PICKED UP BY A WICK. ALSO THE MARKET MAKERS MAY INTENTIONALLY GO DOWN THERE TO TAKE OUT THE STOP LOSSES BEFORE IT MOVES UP.
LOOKS LIKE IT'S FOLLOWING A CHANNEL AND MOVED ON TO NEXT CHANNEL, AND USING THE PREVIOUS CHANNELS RESISTANCE AS A SUPPORT.
LET THE TRADE COME TO YOU. AS LONG AS YOU HAVE A PLAN (A,B,C,D,&,E) THERE IS NOTHING TO FEAR.
MAY UPDATE FURTHER DOWN THE RETRACEMENT LINE,
NO STOP LOSS FOR PRICES THIS LOW.
GOOD LUCK TRADING,
IOTA at important channel supportHey guys, IOTA is at an important channel support right now, with the lower wick at 1.13. This channel support is upholding since 6/30, and a break here together with granpda BTC would be decisive. We're right now still holding 26 EMA both in IOTA/USD, as also in the direct correlation of IOTA/BTC. There we have established a support line around 0.000175 => Once we break bearish, IOTA would be more leveraged than BTC. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
To the upside we have reached the same Highs as on 6/19 with 1.25. We'll have to develop some strength to break that.
All in all, an upward channel is like a normal equilibrium, only on steroids. So bulls, beware! ;)
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTA Holding the linear trend lineIota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory.
It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since last lower high we've got on the 3rd of July 2018). Many guys are posting here that IOTA broke the support, but try to switch your scale and you will see that we have got a nice bounce and that the last lower high fits better with the linear scale.
So for me it's not a sell yet!!
Especially not with other indicators like MACD and RSI printing a bullish divergence and the daily stoch RSI having on the bottom as well.
Let's have a look how iota will behave around the 1,45$ (if we get there :-)
In case our uptrend (support) line gets broken, we can expect a quick fall into a double bottom at 0.9$. From there we could see a reverse of the trend or continuing our fall, which would be very nasty (trying to find a new bottom on the support line of the falling wedge which could go very deep and form a zig-zag ABC correction). Moreor less the further development of the price depends on the bitcoin's price anyways.
Stop loss under the local swing low ( I'll set it up at 1,111$ because it's a nice number)
IOTA. It's dangerous to buy now the trend line was break by buyers, after sellers returned the price under the trend line after 2 months.
After breaking the trend line down, its test is now under way. If he is successful - then I see the following:
1) The price falls to the price zone 0.74-0.81 - from where it again tests the trend and goes 0.51-0.56
2) The price falls to the price zone 0.74-0.81, from where the rebound begins to 1.11-1.21
I will consider the long variant only when the price is fixed above the price range of 1.11-1.21.
Equilibrium broke like anticipated, now take profit!Hey guys, just like I've been posting yesterday, we have broken the equilibrium in the 4H bearish together with grandpa BTC & reached the previous lows at 0,88 with more than 5% profit potential .
So: If you played this like I suggested: Good for you! Now it might be time to take profit (if you haven't so far) & wait for further price action on Bitcoin . We're right now highly oversold in the 4h & Daily with BTC , and grandpa still gives the direction.
If you don't want to miss equilibrium breaks next time: Please follow me & watch my daily videos! (description in my status). I wish you a good trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTA in equilibrium, break coming!Hey guys, IOTA, just like grandpa BTC is right now in a tightening range on the 4H with the 1,02 long wick as resistance & 0, 918 as support. A break here is coming rather sooner than later, and will see a big move. Of course, the direction will highly depend on BTC.
A bear break is looking at 0,88 at least. Should those not hold, next supports in the Daily are at 0,85 & 0,7. A bull break could lead at least to the recent highs at 1,075.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, IOTA isn't going anywhere without grandpa. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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.
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
IOTA Next move ???In chart 4h
Iota can a lot of percent will up with support XABCD PATTERN and MACD
We can see MACD of IOTA in Triangle Pattern Which will push IOTA pump any time
We can buy a fews and take profit
Buy zone : 20400 - 20800
Profit
(1) 21200
(2) 21800
(3) 22800
(4) 24000
Stoploss : 19900
Goodluck Everyone
Thanks