IOTAPERP trade ideas
Long IOTA on BitfinexHi guys. This is my first chart that I'm posting, I'm longing IOTA on Bitfinex, I believe this is the 5th wave we are forming. Invalidation is under the E corrective wave. Good luck and thank you for watching my first TA.
Iota might be doing a triangle in the 4th wave based on the time that correction took looks like we going for triangle that might be ending in about 6 hours or so
the key in that triangle is not to pass B wave or c wave before we end that triangle
so excited and waiting for that fifth wave break
IOTA is ready after one more push down to finish wave 4 if this is diagonal we need one more push down to finish this correction then iota will be back on track
IOTAUSD TO FINISH WXY LONG CORRECTIONHi guys,
here s my update on IOTAUSD pair. I am following this pair for 1.5 years, day trading in and out but for this play I have large amount of my capital ready to buy IOTA in 99 scaled laddered orders once and if we brake 0.20$.
Most of wave 3s in this correction dropped down by 60% so its logical to assume if we see a brake of 0.2$ we will look for a support as a temporary relief rally somewhere around 0.15$.
I would not be surprised to see an ending 5th wave diagonal to finish the Y pattern.
Best of good luck.
This is not financial advice just my view what could happen.
IOTA falling below weekly support against USD
After breaking the strong down trending resistance line, which started in late 2017, i expected IOTA to start climbing higher again.
That wasn't the case and an ascending triangle was formed.
On the weekly it looks like it is breaking out. It could go up again into the triangle and no dump occurs,
but if it stays / closes below the resistance line, a fall to the first levels i marked seems likely.
Getting all the way down to 0.105 cents is a bit unrealistic, but theoretically the textbook target of an ascending triangle.
Lets see if the price can get above the resistance again, if not, a fall is very likely.
Price Action Analysis of a potencial bottom for IOTA/USDHello!
Keeping journals of our current market conditions for posterity. Exciting times!
Cheers!
Crazy Iota PASD StudyHaving some fun so don't take it too seriously and just remember that we're in a bottom if IOTA keeps it together. Good R:R long term.
*Not Financial Advice*
Cheers
*My trading focuses on Supply and Demand Trading with Price action. Trendlines are a visual aid. They are not magic lines where the price follows so don't fall for the fake gurus. Study price action.*
Iota,forgotten hero.Iota is slowly grinding to touch the daily 200 ema.It has been consolidating for a long time and is ready to burst.Once it breakes 0.42 it is free to move upwards.
But the rsi is also in shallow waters so be carefull- It might drop further.
Resistance 0.4~0.42$
Buy now with a SL at 0.28$
