IOTA dipped recently, tested support at a $0.4951, the 0.236 Fibonacci level, and has since rebounded. This has come one level off from our original assessment: that we'd see a dip to the lower anchor at $0.3440 to properly bottom out, then rebound back to current levels or above them. Indeed, most cryptos have appeared to have bottomed out, and IOTA may be no...
Hello traders, I'm back! Well its been a while since my last post. I've been working on some exciting new projects since January of this year ;) It was timely, as the market tanked shortly after (oops!), and it turned into a shorter's game (and that's been fun!). I didn't want to bother you guys with my short selling, as I know most of you are long traders, so I...
We've been on a roll lately with our prediction accuracy for cryptocurrencies. We were certainly correct in identifying the rout that has underpinned IOTA for almost the entirety of 2018. It does appear we were a bit too ambitious with our final target to the downside at 0.3440, which corresponds to our lower Fibonacci anchor. However, the price did hit our...
IOT/USD Broke symmetrical triangle up The immediate goal is 0.64-0.65 $ Good zone for buy: 0.57 - 0.58$ Stop 0.55$
This is a very simple one, but IOTA seems to have found support around 50c. It has a slight increase in the volume, and a visible buy in every 50c touch. It might be the beginning of the reversal... but first we might see some sideways.
When looking at a chart of IOTA against the US Dollar, there is very little to give bulls any hope. This coin has almost completely retraced its value returning to pre-bubble 2017 levels. It's amazing to reflect on the fact that earlier this year, IOTA was in the $2 handle and some had double digit price targets in mind. But even the most exuberant bulls have...
IOTA is practically extending the sideways trading within the 1D Triangle (RSI = 52.718), still on Lower Highs, resisted at 0.6500 by the 1W Channel Down (RSI = 40.817, MACD = -0.299, Highs/Lows = -0.0201, B/BP = -0.3135). Besides the obvious scalping within the Triangle, which is a short term trading opportunity, we remain bearish on the long run with TP = 0.3199, 0.1459.
IOTA is still on Lower Highs within the 1W Channel Down (MACD = -0.294, Highs/Lows = -0.0836, B/BP = -0.04041) but still supported above 0.4978, which has created a strong 1D Triangle (neutral RSi, ADX, CCI, Highs/Lows). This is approaching its completion and we are expecting a break-out to the downside soon, so we are keeping our short positioning (TP = 0.3199, 0.1459).
Fib progression based on first fractal Note that time fibs often play role of reversing market direction.
this is my next setup. i expect iota to aim at the upper trendline and the big red (200ma) in the next few days. possible target is between 1 and 1.20usd if it is similar to the last cycle. that's not trading advice, ytayor! have a good day
IOTUSD has restrained the upside attempts below the 0.6700 Resistance on 1D (RSI = 43.266, MACD = -0.003, Highs/Lows = 0) and the 1W Channel Down (MACD = -0.289, Highs/Lows = -0.1279, B/BP = -0.4062) remains valid. 0.500 is the current support and if crossed we will see an aggressive drop to the November 02, 2017 low = 0.3199 which is our first TP. 0.1459 remains...
Yellow triangle is the key for this Pair. 60% is will go south 40% is will go north
H1: - Tendency: Upward - Above support - Triangle pattern on H1 --> Up
IOTUSD, Forecast on H1. H1: - Tendency: Upward - Above support - Triangle pattern on H1 --> Up
OKKK GUYS, WE DEFINETLY SEE SOME BULL FLAGS THERE...WE HAVE TO WAIT FOR BTC FIRST TO MAKE A MOVE,SO THE FLAGS BE VALIDATE AS IOTA DEPENDS PRETTY MUCH FROM BTC..
IOTUSD has most likely completed a tilted 1D Head and Shoulders pattern (RSI = 40.827, STOCH = 46.926) and the consolidation on the right Shoulder should be over. We are still within the greater 1W Channel Down pattern (MACD = -0.286, Highs/Lows = -0.1617, B/BP = -0.5165) where every Lower High is a short opportunity. If that is correct then a new 4H Channel Down...
Notice the lack of volume around the resistance area, it was the first clue for us to open a VERY low risk short position. Even if the market rebounds hard, which is possible, I will be getting out safely with a moderate profit. Now I have a safe short position open and I'm waiting for the next pattern to form. There's no need to predict the exact point where the...
IOTA formed an expanding flat, so expecting another leg down to retest previous lows atleast. We can possibly even break them to make new lows. Shorts are the way to go right now considering both ETH and BTC look pretty weak atm.