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.
IOTAUSDT trade ideas
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.