IOTAUSDT trade ideas
IOTA 3-day bulls have taken the leadIOTA is on a great bullish momentum on the higher time frames and will probably break out of the current range if bulls push further. The violation of the 1.9$ can take the bears by surprise and lead to a quick spike to the ATH and other marked prices. Revisiting the marked red box can potentially invalidate this outlook.
Patience pays off for all bag holders after all only if the contents are worth holding!
Cheero
IOTA staking liveA combination of factors here will push this higher most likely.
1-Staking has gone live, a lot of people are moving iota from exchanges to the firefly wallet because of this which will restrict trading supply.
2- iota hasn historicaly underperformed making a favorite and easy short, this could lead a big short squeeze
3- a lot of exchanges (Binance) have have fraction al reserves for coins: that includes iota. A lot of people cant move from Binance to the firefly because of a lack of liquidty. That means big names will be moving to buy large volumes to cover themselves.
a lot of things going right for a big pump here
IOTA - another 600% leg? Iota has an interesting case with multiple chart patterns signaling a strong upside move. If the entire crypto asset market remains bullish, Iota could potentially have another 600% leg as the leg from Feb - Apr. 2021. Both, Cup & Handle and a pennant seem to align for a strong break-out to the upside. On the weekly chart, MACD is converging and could cross in 1-2 weeks while RSI steepens with much room to grow to get to the overbought zone. possibly indicating the beginning of a bullish trend. The upside moves carried significantly more volume and short positions are growing even though the price is growing. If the short sellers need to cover their position, a short squeeze could be on the table. Staking starts in 2 days meaning that most of the supply is transferred away from exchanges to Firefly wallets. The analysis of the IOTA/BTC pair indicates Iota outperforming Bitcoin during the next couple of months. Bitcoin dominance is falling to all-time-lows.
Good luck with your trades! Do not consider this as financial advice.
IOTA is clearly in a flag pattern 🚀When IOTA touches the purple trend line, it will most likely have a correction and then can try to break its downtrend
Other details are specified in the chart
IOTA is undervalued!
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IOTAUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 1.8 - 2.4 - 2.9
after first target reached move ur stop to breakeven
stop: ~w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
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Iota coming aliveIota making a nice stride increasing also in the IOTA/BTC pair as well and outperforming a lot of other major cryptos lately. With the announcement of the new staking rewards (Shimmer and assembly tokens), the upside potential looks good here as everybody. There is a strong tendency/trend lately to stake coins that you don't plan on selling to receive rewards on top of that: this could be a strong catalyst moving forward.
IOTAUSDT Daily S/R| Price Action| Trend| Support Evening Traders,
Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral
IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.
The current volume profile is below average, an influx is needed for a strong trend continuation.
The current RSI is netrual, remaining in its bullish control territory is indicative of strength.
Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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IOTA trade potential entry pointIOTAUSDT will be bounced from 23% fib level back to 100% fib level with 500% growth.
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