#IOTAUSDT A long position looks good.The price is in its own rising channel at the bottom. so it's good for a long position.
The MACD indicator is on the top of zero, so the price is ready to start up-trend.
Purple line is fibonacci extension Target.🟣
Red lines are support and resistance level.🔴
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IOTAUSDT.P trade ideas
🟡IOTA has formed an ascending Triangle...Hi every One
IOTA / TETHERUS
IOTA has formed an ascending Triangle which has not done a Break out Yet! the Price can Increase as much as the Measured Price movement (AB=CD). there is also a Crab pattern visible on the chart as well ! This Crab pattern is also reliable since the EX Ret=1.618. Now It's time to Reach 2.20$ because The CD line of Crab pattern Ends There! we just need to wait for a Break out to happen.
🔵Summery:
-IOTA is in an ascending Triangle
-(AB=CD)
-Crab pattern is reliable Too (Ex Ret=1.618)
-possible Target at 2.20$!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
IOTA/USDT LONG TERM ANALYSISIOTA registered a downward trend after seeing ATH value. However, when we look at the formations that may occur and the general situation of the market, it is predicted that it will move upwards. This situation is presented to you by examining the triangle formation, cup-handle formation and RSI-EMA integrated indicator.
IOTA/BTC pair - Elliott corrective waves completedIn my opinion we have completed wave C of the Elliott waves theory aligning with the 2k sats support. Volume is dominated by bulls and once fundamental news support the trend reversal, we will see how far wave 1 can go; potentially leading to a break-out of the 4k sats resistance.
Good luck with your trades! Do not consider this as financial advice.
IOTAUSDTFrom my perspective IOTA will start rising dramatically in November, but in order to do that, IOTA must break these levels of support. BTC might make it sooner or later, nobody knows. Also, there two levels of support for IOTA 1.79 and 2.08, Perhaps it will help the people who will buy it later. IOTA will reach $3 before 2022.
Trade careful.
Penguin
IOTA USDT Below the red line can be considered as the stop loss zone.
Above the green zone can be considered as entry level.
The depth of the head has not been exceeded yet
We can think of it as Double Head and Shoulders. We can also assume the appearance of a descending wedge that includes them all.
If the formation does not mislead us, you can set the TP targets for yourself. I preferred to put a close stop loss. Maybe it will give more buying opportunities. But you may want to set your own strategy. I just wanted to reveal the chart and patterns.
Note: This is not investment advice.
IOTA breaking out at the last momentI'm surprised because when the breakout happens at the end of the triangle usually it goes down. However BB are stretching at daily (not shown) and the chart pattern is clearly bullish. VLPR shows in the last 15 days support price has been clearly below current price which is good.
At this point as soon as buy volume surges we'll see a proper pump.