Hope springs eternal! or Bullshit TA at its finest!Everything is possible in this crazy crypto world. Admittedly, this view is more than just a little optimistic. That's the blue-eyed traders view.
Realistically, if the trend continues, a target between usd 9 and usd 12 would be possible.
But remember, iota is in itself a German product, it could be possible that the Germans will go mental ..again...but in a positive way. who knows...
happy trading!
IOTUSD
Altcoin's Market Overview
In this idea, we will also briefly discuss the current situation on the altcoins market. See the update for details on each coin. Because of Tradingview's policy, I can't give a link to my signal group. However those who interested in this write me in personal messages. There I will give personal materials, triggers and levels to enter positions
IOTUSD (D): Iota is out of the mud. > 2 > 4 > 8 USDVW has a remarkable cooperation with Iota. Bosch too. Bosch and VW are able to make IOTA to a standard in the automotive industry. IOTA broke the 300MA and is on the way to 200MA/100MA (green Circles). All of this could trigger a long upward trend. i'm long.
Targets:
Fibo 0.382 = 2.32 USD
Fibo 0.618 = 3.55 USD
Fibo 1 = 5.80 USD
Fibo 1.618 = 8.75 USD
Psychological barriers are 1, 2, 3, 4 and 5 USD.
Let's see what happens. Happy trading. :-)
Swing Trading with IOTA
Hello Everyone! Subscribers asked me to do a token analysis of IOTA/USD. And so we have a bullish trend which is not surprising in our case. We have a good signal on short. We are probably either in the 5th wave of growth or in the b wave of correction. But it doesn't make any difference as the place for short is good. It is also possible to enter short on breakdown of the channel. Pay attention to the strong divergence on my oscillator. Levels for fixing at me on the chart. Good luck. Subscribe and like if you want see my daily analysis of tokens as EOSUSD OMGUSD and IOTAUSD.
IOT (IOTA) downtrend revealing a beauty of channelsAs noted in my previous IOTUSD analysis on the 4H IOT (IOTA) liberating from BTC , the downtrend resistance (further solid green bold) acted very strong in the latest price follow through. A boring side move-out of that resistance from Apr-02 to Apr-12, though luckily confirmed as support at Apr-04, while sametime stealth-like playing under the 100% retracement, is now opening us a new view of support/resistance channels (blue solid and dashed sub-channels).
Since begin of March the whole 200 EMA (purple curve) southside action can be viewed as a cup&handle formation (yellow arcs), which got tested exactly at the 200 EMA resistance (Apr-13), broken up with volume (Apr-14) and confirmed as new support (Apr-16). Nicely, we now also see a resistance/rejection at the sub-channel mirroring (dashed blue) as a perfect range reflection of the last 3 months price action to the upside.
Technical targets with nice confluences (green cross):
- Cup&Handle follow through: $2.10
- Fib 78% restracement: $2.10
- Same time with the new entered channel resistance blue at $2.10 (which would extendedly play out at Apr-26)
As I overall don't yet see any convincing sign of an "ALT season" start, uncoupling strongly from Bitcoin/BTC major market(& sentiment) leader, we need to consider also some potentials to the downside. Thus I added also a formation of a potential H&S playout in the next days (grey letters and grey triangles), which also has credence within the leading channels:
- a completion of that small inside pattern would lead us down to retest the edge of the the current upbroken macro channel (grey cross), which would also better confirm this as new support
- a then subsequent uptest of the support/resistance-confirmed sub-channel (dashed blue) and the 200 EMA could totally lead out and morph the cup&handle into a larger inverse H&S pattern ! (light added red arc)
(Buy) IOTUSD Technical Analysis for April 4, 2018After trading at parity with the USD, IOTA found itself back to the top 10 high liquid coins in the world. That also means volumes and with meaningful developments over the past few days and addition of Merali, the IoT facilitator could rise.
Buy IOTA with targets at $1.45, $2.2 in the next couple of days with stops at $1.
Because Who Doesn't Like Triangles- IOTBTC is and has been in a downtrend, but even when we're doing down we can make moves up.
Also notice the H&S aka a bearish Head and Shoulders forming.
IF right shoulder forms and we don't break 0.000171 then we go down to 0.0001282.
IF we break up we hit up 0.0001825.
- MACD is crossing on the Hourly.
Predictions:
- We break the triangle up.
- We hit resistance but without any volume, right shoulder completes forming and we burn for a while.