IOTA USD formed bullish BAT | Upto 81% potential trading ideaPriceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019.
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area rather than closing below the PRZ so we can wait for next candle stick whether it will breakdown the PRZ support or will move up back into this zone.
I have used Fibonacci sequence for targets definition.
Buy between: 0.3036 to 0.2716
Sell between: 0.3797 to 0.4939
Regards,
Atif Akbar (moon333)
Iotausdtrade
IOTUSD has completed the bullish setup | Upto 1052% profitThe IOTUSD was moving within a descending triangle and left the triangle without breakout or breakdown.
Since july 2017 the price action has found a strong support of $0.2051 and this support is not broken sofar.
The bollinger bands is extreme squeeze which is an indication of a massive move up or down soon.
MACD gave weak bull signals since sep 2018 and now it is strong bullish since aptil 2019.
After the death cross of jun 2018 the 10SMA is making golden cross with 20SMA and both moving averages has crossed down the priceline as well to lift the price action up insha Allah.
The sell targets are:
1st target: $2.26
2nd target: $2.90
3rd target: $3.72
Final targets;$ 4.68
Regards,
Atif Akbar (moon333)
IOTAUSD to drop by ~30 pips based on Trend AnalysisFollowing the trend lines, we can observe that IOTA will follow a downward trend, remaining within the main funnel. Since the shorter downward trend suggests movement within the main funnel, we can expect more aggressive swings as it gets closer to the trend lines. I will update you as the price changes. What do you think about it? Would it go under parity and stay there or?
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.