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Iotausdt

IOTA - another 600% leg? Iota has an interesting case with multiple chart patterns signaling a strong upside move. If the entire crypto asset market remains bullish, Iota could potentially have another 600% leg as the leg from Feb - Apr. 2021. Both, Cup & Handle and a pennant seem to align for a strong break-out to the upside. On the weekly chart, MACD is converging and could cross in 1-2 weeks while RSI steepens with much room to grow to get to the overbought zone. possibly indicating the beginning of a bullish trend. The upside moves carried significantly more volume and short positions are growing even though the price is growing. If the short sellers need to cover their position, a short squeeze could be on the table. Staking starts in 2 days meaning that most of the supply is transferred away from exchanges to Firefly wallets. The analysis of the IOTA/BTC pair indicates Iota outperforming Bitcoin during the next couple of months. Bitcoin dominance is falling to all-time-lows. Good luck with your trades! Do not consider this as financial advice.
Long
by UnknownUnicorn3707027
1
IOTAUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 1.8 - 2.4 - 2.9 after first target reached move ur stop to breakeven stop: ~w/o stop (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions.
Long
by trytofeelpositive
3
IOTA Enters Buy Zone after RestestIOTA is a great alternative to other assets associated with it that do not have good entries. Luckily I believe not only will IOTA print, but it gives great staking rewards as well. As you can see the RSI is just low enough to warrant a buy on the 1D chart. There is a large cup and handle pattern which produces a major target of around 3.9. However, I would not be surprised to see this go further once the market starts going. Anyways thanks again and tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
6
IOTAUSDT, We are going toward support zone areaHello everybody According to the chart you can see the the price is in correction-downward trend and we have 2 scenario that can be happen, one of them is we are made AB of elliott correction and now we are ready to making C of the correction ABC or another theory is we finish the ABC correction and we made wave 1 and we are in coorection 2 of the first wave , the 2nd scenario is more valid than the others because its not attractive that the price drop more to prz level and its not good because if the 1st theory want to happen the btc should dump more to 30K and at this time its not happen According to the chart the both of the support (S) zone area its good to buy in 2 step and reduce average purchase and wait until the target reach. We will update targets in future Good Luck Abtin
Short
by Abtin00
IOTA +250% -360% UpwardsHi traders, As all crypto going downwards with BTC dragging the market down and I expect BTC to go down to 40K level, IOTA can be also pulling back to 0,80 USDT area before exiting the triangle formation on weekly time frame, where long-term target is hovering around ~4,00 USDT. Before we hit that figure, profits can be taken partially at 2.00 USDT, 2,70 USDT. These are the levels where I expect IOTA to make major pullbacks before moving towards the 4.00 Figure. Please share your thoughts on this. Best Regards, Tony
Long
by AATONY
$IOTA/USDT 1D (Binance Futures) Falling wedge breakout & retestInternet Of Things Application is pulling back to demand zone, retesting 50MA support, seems like a nice place to start a swing! As its name stands, this is an IoT project also available of BSC, more information on www.iota.org Current Price= 1.3333 Buy Entry = 1.3424 - 1.2540 Take Profit= 1.6873 | 2.2630 | 2.7920 Stop Loss= 1.0753 Risk/Reward= 1:1.75 | 1:4.33| 1:6.7 Expected Profit= +29.97% | +74.32% | +115.07% Possible Loss= -17.17% Fib. Retracement= 0.702| 1.117 | 1.414 Margin Leverage= 1x Estimated Gain-time= 3.5 months
Long
by TradingOn
1
IOTA Looking Hot and Bullish. 🔥 & 🚀Following my previous analysis, IOTA is ready for a historic breakout and it looks like it will not be going down! A 4h candle above that red trend will be a good sign for IOTA and although bitcoin seems a bit poor, I will personally buy some more IOTA. BTW as you know, The IOTA Foundation recently announced that they are looking to launch smart contract capabilities for IOTA ; Bullish Dear Traders, I have just started sharing my ideas: Will continue this and improve the quality of my analytics over time. it would be nice if you push like and follow me if you liked.
Long
by CryptoSideway