Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.2975
TP2= @ 0.3680
TP3= @ 0.5537
SL= Break below S2
IOTAPERP trade ideas
IOTA on life supportCan't breath on it's own, put on a fed bailout respirator,regardless the patient's prognosis is dire: Bear flagging into major support now turned resistance and accumulating bearish divergences. Classic stairway up elevator down. By January 2021, IOTA will be delisted.
I have extremely neutral view on iota and don't hold any position, I just read what the chart is telling me and this is one of the worst Alts chart.
IOTUSD Scenarios...IOTUSD Scenarios... We broke the rising wedge to the upside and retestet a few times. SCENARIO 1: We break the resistance @~0.21$. SCENARIO 2: We fall back into the rising wedge and go down to ~0.19$ SCENARIO 3: We fall back into the rising wedge, go down to 0.2$ and bounce up, back to 0.21$.
IOTA Bullish SignsHey Guys:
BINANCE:IOTAUSD is our next coin of discussion. I'm a big fan of their work.
Not only am I a big fan of their work, but I'm also a big fan of their W and 1D charts. Most of my ideas will be with a long-term mindset.
Please remember that these are just my opinions. I'm always open to discussion on the ideas and what I'm talking about.
Entry Point:
I'm slowly accumulating more and I'll be keeping that strategy. Just looking for good opportunities.
I think we're safe to buy until the ~$.80 b/c it'll face some resistance at $1.
I make this statement with two assumptions:
that the resistance faced September of 2018, which is marked with the red arrow, will not be an issue for us, and
The breakthrough of the 1 Fib level on the 1D chart will give us some challenges but we'll eventually overtake it.
If it can cleanly pass the $1 - $1.10, we're safe until around $1.35 - $1.40. It'll face some resistance at the 0.236 Fib level. Then we can just rinse and repeat those steps for each Fib ( How to use the Trend-Based Fib Extension ). I'll be updating the comments as this unfolds. It should be fun.
Target Points:
(1) 1.7
(2) 2.67
(3) 3.44
(4) 4.20 (nice)
(5) 5.28
Stop-Loss:
We'll have to wait to see if $0.20 can hold. If not, we'll turn this into a selling game.
Indicators:
Weekly
FIbonacci
The Trend-Based Fib Extension is used to guage potential support/resistance levels after we've gone through a correction of the previous trend. This is where the Price Points are taken from.
Moving Averages
Our 50-MA (blue) has had enough data to take its trend into consideration when making a purchase order. It's starting to smooth out its downtrend which could indicate a change of direction. We'll have to watch as this develops.
If the 20-EMA (orange) can hold above the 50-MA for a bit, we'd be in a good spot.
Sniper T3-CCI
Waiting for this to move above the line could be the conservative play here.
Volume
The sell volume seems to be getting smaller. Let's look for a spike one of these weeks to indicate some direction.
Candlesticks
I like using the Heikin Ashi candle to gauge trends.
Summary
There's a bunch of information here. But the most important thing is that we're thinking long-term. Well into and past next year. We'll update price points as this unfolds but for now, we're looking to lock in some profits between now and the ~$1.4 mark.
Good Luck!
-Matt