IOTUSD
$IOTA - The giant is waking up..We've reached weekly supply. We only touched this level once in the last 2.5years. I don't expect us to get straight through, it would be much healthier if we're to burn out here, and retrace for a healthy re-accumulation - before we head into a true euphoric run.
Long term, chasing 10x from the bottom of the retrace that is hopefully to come.
I've sold a nice mount and am looking for a rebuy.
IOTA - Testing Resistance, 50%+ gains in the works!Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line which is also bullish, especially on the daily time frame. Get ready!
$IOTAUSDT - Multiyear AccumulationThe study of Wyckoff Theory, along with market cycles, would suggest IOTA is being heavily accumulated within this range.
With a clear demand level of 0.20c and clear supply level of 0.40c. Anything sold above 40c is a win, and anything bought below 20c is a win.
Until we've breached the downwards channel resistance, and weekly range high resistance, we can assume we'll just keep dancing between these levels.
If 0.23c is lost as support, a capitulation event could occur.
If 0.23c holds, we may finally get a rally coming out of this range.
As a tech company at the forefront of technology advancements, once the composite man unleashes this beast, generational wealth will be made for those who accumulated the lows.
IOT starting to squeezeBITFINEX:IOTUSD really failed to capture any of the bullish momentum of the last week. It was a definite underperformer among the highest volume cryptocurrencies. This morning triggered a signal that the volatility has slowly decreased into a wedge with a potential bearish breakout setup. Because this was the lagger of the recent momentum I'd say this is one of the weaker cryptocurrencies and an increased probability for a short.
Watch out for the fallTrending analysis about iota forecast
Do you thing that we are going to break the resistance,or we will have another break down??
Don’t forget the market is depending on BTC prices as always,so do not confused if IOTA community,publish any news and we witness a price jump.
Comment below what do you thing.🙏🙏
Thank you