IOT (IOTA) additional LOG scale tunnelingAdditional to my related linear trend analysis (see ), we can see IOTA also acting strongly along macro logarithmic downtrend channels, where an upbreak into the next level seems due.
IOTUSD
IOT (IOTA) liberating from BTC dominance?After retesting the fib 100% retracement IOTA cautiously seems to confirm a bottom at $1 .
Obervations adding credence are:
- volume picking up at the full retrace retest
- IOTA acting as the seemingly only exception in all over cryptos BTCUSD price correlation
> uncoupling contrariwise since several days / missing out the March 16-17 down extension of all other crypto
- stair stepping long term downtrend resistances (green dashed light, green solid light)
Key resistances to keep your eye out:
- uncorrected "bubble" macro downtrend resistance (green solid bold) right ahead at $1.50
- 200 EMA at $1.60 (dark rose) - provided weak support = weaker resistance now
- 78% fib retracement at $2.10
- macro LOGARITHMIC channel switch in my related IOTUSD idea, resisting also at $1.50 see:
Hope for IOTA?IOTA has disappointed investors waiting for some semblance of a recovery. It is currently solidly down trending, haven given up the $1.30 handle entirely. If we can manage to break $1.37, we’ll face resistance at $1.435 and $1.44, which seems light years away. At $1.20, we’ll find support, then there is a vacuum zone to $1.02, which seems to correspond with the $1 psychological mark. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave , which implies an extension of this phase. The Kovach Momentum Indicators are very bearish as one could expect. We have been pressing the lower bound of the KRI for some time now.
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IOTA RangingIOTA joins the rest of the cryptocurrencies who insist upon ranging. This is a frustration to investors waiting for some semblance of a recovery. IOTA currently seems to be facing resistance 1.37, and may be giving up the $1.30 handle entirely. It seems to be settling on the range between $1.20 and $1.37. If we break out to the upside, we must punch through $1.435 and $1.44. Then there is a relative vacuum zone to $1.53. If not, $1.37 will provide support, and then the lower $1.20's. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave, which implies an extension of this phase. The Kovach Momentum Indicators do not suggest that this is likely any time soon.
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IOTA Finds SupportIOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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BITCOIN (BTC) | HEAD AND SHOULDERS | SHORT TERMeasy and simple,
what targets do you think should be in this idea?
8050?
7555?
IOTA... SighIt has demolished levels of support to press the lower bound of the KRI with a vengeance. IOTA has long given up its range between $1.84 and $1.92, plummeting to the $1.20's. IOTA is currently sitting at $1.23, just above strong support at $1.21 and $1.20. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave, which implies an extension of this phase. If sentiment turns bullish, we must punch through a vacuum zone to $1.37, $1.44, and $1.45. But it will take a great deal of momentum for such a drive. The Kovach Momentum Indicators do not suggest that this is likely any time soon.
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IOTA PummeledIt has been characteristic of IOTA to be hit hard during bad times, but react less bullishly to good times. This trend has continued as IOTA seems to be hanging onto the lower bound of the KRI at $1.50 by a thread. IOTA has long given up its range between $1.84 and $1.92, plummeting to support at $1.36 or so, before regaining footing. We'll have support from $1.42 and $1.45 if needed. We have resistance from above at nested Fibonacci levels at $1.67, and $1.72. We'll run into further resistance at $1.78 and $1.84. The upper bound of the former range will also offer resistance at $1.92 and $1.95, but we appear to be pretty far from considering this. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOTA SmashedIOTA has given up its range between $1.84 and $1.92, plummeting to support from the lower bound of the KRI at $1.61, but recovering ever so slightly to $1.67. What were once levels from below now provide resistance at $1.78 and $1.84. The upper bound of the range will also offer resistance at $1.92 and $1.95, but we appear to be pretty far from considering this. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Currently, $1.62 will provide support, but beyond that we have $1.45, a Fibonacci level.
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IOTA RangingIOTA too has edged downward but maintained the range between $1.84 and $1.92. It is currently finding support at the central moving average of the KRI, at $1.89. IOTA is definitely lagging with regard to the strong momentum other altcoins have seen recently. It could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. Other levels of support include $1.84, $1.78, then $1.62, and finally we have $1.45, a Fibonacci level. We have $1.95 offering resistance from above. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOTA Buy OpportunityThe price bounced from 1.50000 level with RSI confirmation. It’s going to break 2.00000 resistance level. If the market can move above this resistance, it will give us a signal confirming further upward movement. MACD supports the idea that the market is going to move upward. DMI tells us that the bears are not so strong and it allows us opening long trades. All these signals give us a new buy opportunity. If the price breaks the previous swing high, we'll be able to open new long positions.
IOTA Still Range-BoundIOTA too has clung to a very narrow range between $1.92 and $2. It is currently finding support at the lower bound of this range, at $1.92, which is the central moving average of the KRI. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. Other levels of support include $1.84, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. We have $1.95 offering resistance from above. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOTA Edges UpIOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOT BULL OPORTUNITYWait the candle confirmation above the trend line, resistance in 2$ when we breake that price we fly to 5$
next tp 2.50
IOTA short consolidation & newsBITFINEX:IOTUSD has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD has been going down.
I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will develop now and where it will get us.
We could see on the chart that IOTA broke the 2 $ resistance line, but not long after, it came back to where it was. It is staying solidly around the line of 1,95$-2,02$, which is a good sign.
This is just a small consolidation, then we will see next up.
We could see the three following resistances, 1st at 2,20$, 2nd at 2,60$ and the third could possibly just be a fake breakout, so we should be careful about it.
But first, let's see how things will develop with the first resistance line because it is the most important one.
News:
Official Bosch Press: Bosch turns Chinese cities into SmartCities with IOTA!
twitter.com
Events are as it follows:
1 March 2018 - Founder of IOTA speaking at an online conference - Crypto Virtual Summit.
14 March 2018 - SXSW Conference - Dominik Schiener will be speaking with Ayelet Noff about building a machine economy with IOTA.
16 March 2018 - Business Plan at BBCTokyo - Presentation of business plans at the Blockchain Business Camp Tokyo.
31 March 2018 - Partnership w/ AV testbed - "Q1/Q2 2018 is when we start announcing some of the partnerships for AV testbeds.".
31 March 2018 - Trinity Wallet Beta.
IOTA RetracesIOTA has made new relative highs in the $2 handle only to give that up and retrace back to the $1.90's. Although we are drifting upwards, the lack of momentum is concerning. We would need a lot more than this to confirm entry into wave 3. Luckily, we are still above the central moving average of the KRI at $1.88, which will provide support. Other levels of support include $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. Levels from above include $1.95 and $2. We must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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