IOTAETH trade ideas
DONE AND DONE SON!!!Like I said last night before I closed my eyes...IOTA/ETH was gonna stay the same @ $1.71-ish, so I went to sleep. It is still the same like I said. However I opine it's gonna take a little dip round $1.63-ish in the next 24hrs....then BOOM!!! TO THE MOON!!! …$2.14-ish... I'm just sayin' what it's gonna do, the rest is up to you..... Because you gotta have some balls to ride it all the way up..... I picked up 2776 shares around $1.51 and rode to $1.93, then bailed out and watched it rise to $2.14..... Final thoughts: IOTA/ETH will see $2.57 by winter.....
There is possibility for the beginning of uptrend in IOTETHTechnical analysis:
. IOTA/ETHEREUM is in range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0018)
. Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0023
TP2= @ 0.0028
TP3= @ 0.0034
TP4= @ 0.0043
TP5= @ 0.0057
TP6= @ 0.0074
TP7= @ 0.0134
TP8= Free
There is possibility for the beginning of uptrend in IOTETHTechnical analysis:
. IOTA/ETHEREUM is in range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0018)
. Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0023
TP2= @ 0.0028
TP3= @ 0.0034
TP4= @ 0.0043
TP5= @ 0.0057
TP6= @ 0.0074
TP7= @ 0.0134
TP8= Free
Time to buy IOTAI think that IOTAETH found a good support at 50% Fibonacci level, also 50EMA is going to cross 200EMA, which is strong bullish signal. We can make some purchases at this levels (0.0028-0.0030). Profit targets can be placed at 0.005 (70% of position) and 0.0067 levels (20-30% of position).
IOTAETH - Long Term ProjectionThis was a practice in long term projection. After being confounded by the count and short term behaviour of IOTA, I took a step back and looked at the whole daily chart.
The main Cycle travelled a very far distance over 2 months in late 2017, and was denoted "Cycle 1".
This means after 4 months of correction, Cycle 2 has begun, with Wave 1 (of Wave 1) having been complete, and it appears as though we are mid Wave 3 (of Wave 1 of Cycle 3).
The recent behaviour in up and down value of IOTA may be less to do with a corrective cycle, and more an influence of the chaotic value of Ethereum.
So these targets were developed using Fib ratios from Cycle 1, Intermediate Wave 1 (of Primary 1 of Cycle 3), and then Fib ratios from the targets achieved.
The landing spot of Cycle 3 was determined using the 1.618 ratio of Cycle 1. The pathway there from where I could find confluence zones between the Cycle 1 Fib ratios combined with Wave 3-1 (Cycle 3).
This is all pretty theoretical, but if the trend and ratios hold up - it may take 7 months to play out, but IOTA should increase in value by 500%, with plenty of buy/sell opportunities in between.
Cycle 3-1-3 Target = 0.0042
Cycle 3-1-5 Target = 0.0053
It is possible that this could land closer to 0.0042, although feel it unlikely due wave 3-1-3 has already touched 0.0035 in its path upwards (the 1-1 ratio of 3-1-1).
More likely 0.0053 as this matches the 0.236 ratio from Cycle 1, as well as the 2.618 ratio from 3-1-1. And wave 3-1-3 will likely land around the 1.618 ratio of 3-1-1.)
Cycle 3-3-5 Target = 0.00117
Cycle 3-5-5 Target = 0.00173
IOTA_BULLISH_second attemptIn my previous post I described the possibility of entering in iota on the 32.8% retracement. The static support did not stand, but eventually was reached again in these days (red arrow). The negative trend line coming from january has now been broken; new supporting price zones can now be at the current price, (black arrow), or better at the 32.8% new FIBO retracement level (blue arrow). Always keep in mind the strong correlation with Bitcoin; in my opinion only an uptrend of Bitcoin could justifuy a higher beta in crypto portfolios now.
Good trading to all
IOTA / ETH nice Entry!Hey Guys,
Keep an eye on IOTA/ETH. It is bargain time!
I think that you are smart enough to judge the trend, even if I do not draw any artworks today.
To make it short and sweet:
If you look at the Indicators ( 4hour Chart)
you can see from the MACD and the RSI that the price is correlating with the current BTC descent and it will fall even further as long as BTC continues to be "Mt.Goxed " :D
So IMO, think it will be a great opportunity at the next dip of BTC/USD to enter a long Position in IOTA.
For the long-term hodlers:
By the way, IOTA is planning to expand in the following countrys: Toronto, Tokio, Oslo and Taiwan, which is likely to have an additional positive impact on its level of awareness and price.
Source: www.bloomberg.com
As always, I'm happy about your opinions and a bullish thump ;)
IOTA-ETH; possible BULLISHLately I have monitored the recovery of IOTA from the beginning of february. We may are at a turning point. The price has made a triangle facing the negative trend line coming from the start of January. The volumes are decreasing with sudden increases on the positive spikes. The price has found support on a critical precedent resistance (the arrow points it) which is actually the 32.8% level of the FIBO retracement. A possible break out of the negative trend line with incresing volumes may turn in a bullish period towards the January, or before, price levels.
Stay focus on volumes.