IOTABreak out resistance line of falling wedge . Now moving in triangle with potential break out up. We in up trend channel.
Volkswagen announces cooperation with IOTA
IOTUSD
IOTA Behind the CurveIOTA has edged upwards from the $1.60's, and $1.70's to finally gain traction at $1.80 at the time of this writing. There is a notable consolidation of volatility which could lead to a breakout soon, confirming entry into Wave 3 of the impulse of the Elliott Wave. We have support from below at $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. Levels from above include $1.84, the central moving average of the KRI, then $1.95 and $2 are reasonable, and we must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOTUSD, short to support 1.5838 and lower.The trend changed after the accumulation in the zone 1.6750 - 1.7400. Now the market is ready for sales to 1.5838 and below. Volumetric analysis thanks to X-Volume. Levels thanks X-Lines. Both of these indicators you can find in my list of scripts . Main objective in the medium term 1.49.
IOTA weakensIOTA turned sharply, retracing to support in the $1.60's. What we thought was going to be a bullish breakout has unfortunately turned out to be bearish. We have extended the corrective phase of this impulse wave. Though this is still a reasonable pullback from a technical perspective, it is starting to become worrisome. We have support from below at the central moving average of the KRI at $1.50, then at $1.45, a Fibonacci level. Levels from above at $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone, will all provide resistance now. After that $2 and $1.95 are reasonable, and we must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25.
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IOTA Trending UpIOTA has broken out, but retraced from new relative highs at $2.20, finding support from the central moving average of the KRI at $1.95, which we've highlighted here many times. It is currently looking to test relative highs again. Like other coins, IOTA's retracement was normal and healthy. In the longer term, we still have somewhat of a bull wedge pattern, so some renewal of momentum can be expected. We definitely appear to have concluded the arduous corrective phase, and are entering the next impulse. Although we definitely have seen support from $2 and $1.95, we must conquer relative highs at $2.20, before we cross a relative vacuum zone until $2.25. Further levels from below $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone.
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IOTA Massive RangeIOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading.
After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal.
The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend.
IOT/USD - long term trendline, Ichimoku Cloud lines crossover?Hello!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
We can see that IOTA has broken out of it's long term trendline, although the volume was not high which normally might not be a good sign. (Price up + Volume low = risky)
With the Ichimoku Cloud indicator we can see that the convergence line (blue) might soon cross the base line (red), which could normally be a weak bullish signal. Bullish because of the cross, weak because it is under the Ichimoku Cloud.
Let's see what happens in the near future.
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
IOTA: IOTUSD Reverse Head+Shoulders with Upside Target at 2992 IOTA IOTUSD
Yet another reverse head and shoulders pattern with
a minimum upside target at 2992 once triggered by a break
above the neck-line which is now closeby at 2.222 - with stops
a little way below the neck-line once broken to upside.
IOTA RetracingIOTA has retraced back to the psychologically and technically significant $2 mark as it has pulled back from relative highs at $2.17 or so. Like other coins, IOTA has had a respective burst of momentum so some retracement should be anticipated, and is normal. In the longer term, we still have somewhat of a bull wedge pattern, so some renewal of momentum can be expected. We are perhaps finally entering the next impulse wave, a welcome sign as the corrective phase has lasted since December. Although we definitely have seen support from $2, we must conquer relative highs at $2.17, before we cross a relative vacuum zone until $2.25. However, if we break down further, we'll have support from $1.95, $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone.
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IOTUSD the beginning of a new cycleIOTUSD the beginning of a new cycle
I certainly understand that it's hard to understand what I drew, but I think the principle is clear that there was a powerful move up to $ 5
and now we will have the following traffic, if it is going to $ 10-15, then it's wave 3, and the structure will change a little, but I think the meaning is clear that we are now going up, I think by the middle of March we will see 5 $ not less
IOTA Trending UpwardsIOTA has finally broken the $2 mark, where it currently sits at the time of this writing. This is a fairly substantial milestone for this coin as it has been facing troubles regaining footing in this handle for some time. Although we've seen a bit of a breakout, volatility does appear to be consolidating into a bull wedge pattern in the longer term, so we can finally expect to see more bullish momentum from IOTA. We are perhaps finally forming wave 1 of the next impulse wave, a welcome sign as the corrective phase has lasted since December. We definitely have support at $2, which is a psychological and technical level. If we break down from this level, we'll have support from $1.95, $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone. From above, we have a relative vacuum zone until the psychologically and technically significant $2.25, so watch for a breakout.
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IOTA Bull Wedge PatternIOTA continues to disappoint, still struggling with the central moving average of the KRI at $1.96. It currently sits at $1.88, however, which is forming the upper bound of a bull wedge pattern. Volatility in this coin has consolidated substantially, as evidenced by the width of the upper and lower bound of the KRI, suggesting that we might expect a breakout soon. The corrective phase of the Elliott Wave has lasted since December, supporting the case for renewed momentum. If we continue to face resistance from above, we'll see support from levels at $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone.
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Round 2 for IOTA is about to come.IOTA is a solid idea besides blockchain, IMO it could be the infrastructure of upcoming IoT world, it also has potential to be 'the coin to go' in terms of micropayments.
Technically, a huge falling wedge has formed and we still need to wait for breakout in order to confirm the pattern.I am bored and just going to enter early.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
IOTBTC (D): IOTA - Broke out? - BTC Chart SeriesIota has performed relatively well compared to other coins in the last few weeks. Many coins crashed on Fibo 14 or 0, not Iota. Currently, Iota could have left the consolidation triangle. That would be a positive sigal.
Let's see what happens. Happy trading. :-)
IOTA/USDNew people in the IOTA team
Mr. Sulavka and his team are the ones responsible for the IXI development. This will enable already existing and future exchanges to integrate seamlessly into the IOTA network, and have tools to make use of IOTA easy for exchange devs/operators.
It's not only Mark Sulavka. Mr. Sulavka brings with him a core team that includes the following:
Jeffrey Diedrich Former CTO of the National Stock Exchange and 20+ year securities and trading technology veteran.
Kenny Byrne Former CTO of PartStore and 20+ years as a Sr. executive, building and capitalizing early-stage companies as well as turnarounds.
Egor Agafonov Sr. Architect / Sr. Developer with over 30 years of systems and trading solutions development.
Mark Kemna Former CTO and Sr. technologist of multiple companies, specializing in ad-tech and big data.
About technical analysis
I see falling wedge - reversal pattern
We are in 78.2% Level fibonacci
But first we need reak out resistance line. After we have resistance level at 2$ area. And resistance line of the blue channel.
RSI look at up
Im not sure if its trend reversal
And you need use Stop loss
Buy zone 1.59-1.67$
Targets 1.8$ - 2$ - 2.6$
Stop loss 1.5$
