IOTA, is it ready this time? 100% profit target.Longed at 3,50 and did not take profit as I feel more confidant than I did during the former outbreak.
I am going to let it ride with stop loss at break even.
Good luck.
IOTUSD
IOTUSD target 7-8$IOTUSD target 7-8$
We are forming a convergent triangle, so far it looks exactly like a triangle, i.e. the tops narrow. If we break through our green line, then this can speak of an upward movement.
If we break through the bottom green line, then we have certain support levels that are represented on the chart, but in this case I would not buy, and I waited for what would happen next.
P.S. point b on the graph does not say that we will drop there, just drew it because it's beautiful
IOTA: Better take profits hereTo anyone lucky to be in this insane move, I'd reccomend to trail stops or exit here. Shorting is risky always, in crypto, but selling for something that isn't so inflated due to hype would work. I'm sure there will be a ton of rabid bulls jumping at me for this post, which would further confirm the signal of a top here.
Cheers,
Ivan Labrie.
IOTUSD - Soon Ready to Move!IOTA broke out and retested the descending triangle. As we speak, it is making higher lows and lower highs on the 1H chart. Shorter term moving averages support upward movement as they are in the correct order (10 above 30 above 50). RSI level 40 is an important level to watch and this must not be broken for the new uptrend to last. Next important price level is 4.00 - 4.10: if price reaches this level, it will be good for the upside potential since lots of breakout traders will be closely watching break and close above this area.
Cryptos Comparison - BTC, BCH, BTG, LTC,ETH, ETC, NEO, IOTA, XRPJust comparing the percentage rise. LTC rose the most % wise now.
IOTUSD buying in structure zonehello guys, as u can see we're approching a support zone, we can consider like a BUYING zone opportunity!
best wishes,
doc
IOTA Lags After Prolific BreakoutIOTA has consolidated around the psychological $4 level, as it clarified news about a partnership with Microsoft yesterday. While some retracement was likely, we will see how much investors weigh the relationship with Microsoft as IOTA either breaks out from this dragon head pattern or retraces further. The next level of support is a Fibonacci level of $3.25.
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IOTA Symmetrical TriangleBITFINEX:IOTUSD has been on a bullish run and continues to look bullish. All that's needed is a small upward move or an increase in volume to send it to the moon.
IOTA: IOTUSD Downtrend BrokenIOTA IOTUSD
The rally yesterday fizzled out from the upper parallel of a newly forming continuation pattern. Using a trailing stop under the
day's little dynamic that had underpinned the rally from inception at least meant escaping the worst of the ensuing
decline by triggering an exit at around 4500 but it was a poor call nonetheless. If you reversed short on the break below
4361 there is at least a 180 or so point profit still to be had, but so far it has not reached the expected downside
target. It's trying to flip back up here but is still being held back by the upper parallel that controls the wave. Still
vulnerable whilst unable to break and hold above this parallel. Suggest using a sliding stop above this parallel for
shorts. If broken to upside look to close down and reverse for small 100 or so profit -
Upcoming IOTA breakout!One of the clearest triangles I've seen in the past couple of days (XRP was also very clear). In my opinion this is the best moment to buy, you'll regret it if you didn't.
IOTA 50% dropHey guys, as you have seen on my previous IOTA forecasts my bias has been quite bullish BUT - the current price action might be indicating that IOTUSD might start a 50% correction, completing wave C.
In the mid to long-term I'm still VERY bullish on IOTA. The price action speaks for itself. Furthermore, Bitcoin Futures will launch probably on 10th of December and I am expecting a HEAVY correction on the whole cryptomarket in the next days-two weeks.
I might be wrong but the implementation of the Bitcoin Futures in the next days - plus a not that satisfying price action tell me I should take a break till the picture becomes clearer.
Institutional investors NEVER buy on all time highs, so if you would be the CEO of Goldman, JP Morgan, etc. what would you do? The recent hype about the Bitcoin CME makes newbies overenthusiastic and drives the fear of missing out. However, IOTA has been very resistant to the recent price drop in the cryptomarket few days ago. So, I do believe that the bigger correction will come to an end at the marked zone around 2.35-1.98. From this level on, I am expecting IOTA to skyrocket again.
Cheers
IOTA - triangles don't always have to fit on the 4 hour chart
4 hour charts are great, especially when they align with the larger time scale, which is the case here & it all ends up the same at the end of Pythagoras road. Just a reminder to step back every now and then, take a breather and look at how lucky we are to be where we are and put it all into perspective.
In this case it really doesn't matter if it's 4 hours or 5 day chart the triangle crosses at the same point.
Crack a beer guys, enjoy the view from above & make predictions either when multiple time scales match up or the carton is empty ;)
IOTUSD Long // confirmed broken channelBlue arrow shows bullish candle that beaks channel (Green Lines).. And later is confirmed by retouch then close as nice bullish candle (Orange Arrow)
IOTA: IOTUSD Next Buy PointIOTUSD IOTA Buy and Sell Points
Next buy point comes on a break above the small dynamic
resistance line which is currently holding back price or
from the first support line at 4.363 with stop below the
lower (rising) dynamic that underpins the rally today. Look
for rally back to the upper dynamic that holds back price
on chart around 5.148.
Next Sell Point will come on any break of that same
dynamic at 4.273 now, looking for a fall to 3.569. Reverse
any shorts here with stops below 3.500, if entry is struck.
Looks good still whilst 4.363 holds up .
IOTA just broke out his huge penant! Target 8.37usdChart speaks for itself. Stop-loss below the drawed channel.
IOTA bull continuationIota' is not a coin with attractive fundamentals, but that is not within the scope of this post. Do Your Own Research.
Iota' had a massive surge in price recently, consolidating healthily above the kumo right under its all-time high. Due to the massive increase in hype and market participants lately, it does not seem likely that Iota is going to top here. The volume is continuing to grow and negative news is shucked off as merely flesh wound. Fibonacci extensions and the classical bull-flag pattern give the orange box as a price target, 90% up from current price.
There are some strange market conditions that might throw a wrench into this pattern, like the complete inability of Iota' holders to transfer coins from the Iota' wallet to an exchange for sale. When (if?) this issue is identified and resolved, there may be additional selling pressure.
Additionally, there was some good news about purported partnerships that turned out to be little more than exaggeration. Should sellers enter the market or hype be replaced with education about fundamentals, I would expect price to fall quite drastically. For now, Iota' is touted as the Blockchain Killer™, and as always, the trend is your friend.
This is not meant as investment advice. Happy trading
Possible Inverse Head and Shoulders Forming?Hasn't broke the red trend line, and continued lazy upward trend despite jumping on BTC train in both rise and fall. Continues to fall back to it's own trend between BTC extremes. Looking promising if head and shoulders completes and continues to follow trend.
Love this set up for IOTA. Yeah, there was a huge spike in price, but this chart looks very pretty. Bullish setup, MACD has yet to cross, not overbought, within volatility channel, perfect fib 50% retracement. What's not to like?
I am long term long, and medium term long on this coin.
NOTE: I am NOT a professional analyst of any kind.
