IOTA - Simple Support & Resistance, Fibonacci. In the past days iota has seen a very large run-up in price, now this tremendous growth often has to come with a bit of sustained correction comma it is unlikely that we will see I hope I drop to previous loads such as under the $2 Mark as the market is currently way ahead of that. We can expect to see the price fluctuate way between $5.50 resistance and the $4 support comma this is a $1.50 range that you can use to play short-term trades comma support lines or supply lines is where you look want to look to be accumulating.
Orange - Resistance.
Pink - Support.
As always tried the lines accordingly.
IOTBTC
IOTA Megaphone Breakout | Good for 180%?IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86.
This is the opposite pattern we are seeing with Dash and Monero.
Take some time to familiarize with my trading approach:
forextradingstrategies4u.com
As always, I'll update this idea with both long and short trades.
Cheers and GLWT!
-Erik
IOTA second invert head and shoulders forming - short term BITFINEX:IOTBTC
In my other short term prediction I was talking about a possible bigger invert head and shoulders forming. We are pretty much on the way there.
IOTA just turn up from a down trend due to the ascending channel which usually resolves down. I cannot see the same setup on USD unfortunately which would make a stronger case, nevertheless this could be as valid if we get to the confirmation point.
The best buying points would be: between 0.00011600 - 0.00011800 and my target is 0.00014200.
The time will tell if its a valid head and shoulders.
IOTABreak out resistance line of falling wedge - reversal pattern. Now it look like Elliott wave. I expect that the 2nd correctional wave is over and now the beginning of the 3rd wave. The third wave is the biggest. the third wave is an impulse wave. Third wave breaks all resistance lines . In this wave of investing big money.
IOTBTC MIOTA. Previous Hollow ?What I see from IOTBTC chart, that it has reached previous price corridor and now it will show itself, either up or down. By looking carefully at graph we may see head and shoulders pattern, but coin is now underrated, so we may see updates from devs soon and will get x2-x3 by end of January - February 2018. Stop-loss on 0.000070 guys. Be careful !
On the other hand we observe that it's slowly going to 1/1 Gann angle, which means 50% trend change and if it breaks 2/1 angle that will be real uptrend. Additionally, we have reached double bottom pattern.
internet of peopleINTERNET OF PEOPLE
here is the chart for iot if it doesnt fall from support line and break the green channel to up it ll follow the fib levels on the chart which are nearest targets and also resistances
pretty clear do not expext a small story here good chart, no need to think hard on it
IOTBTC 4H CHART IOTA ENTRY LEVELIOTBTC pair showing strong signs of trend reversal, leaving downtrend channel.
MACD confirms uptrend and RSI is over 50.
Current price is a good Entry Level long-term, if you want further confirmation, enter the market as shown in the graph if uptrend continues.
WNZ
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Bullish Pennant Primes IOTA for epic runIOTA has seen a lot of activity in the last week priming it for a bull run. This bull run will also coincide with the likely news of additions to multiple exchanges(Binance all but confirmed, Bittrex/Shapeshift hopeful). If this news isn't released near bull call, it could take a couple more days and in that time period I expect more consolidation. Dumps result in a near immediate recovery with this coin as the support is extremely strong despite its relatively low volume.
IOTA is available as IOT on Bitfinex.
Full disclosure: I hold IOTA in my portfolio.