IOTAUSDT trade ideas
IOTA LOOKING BULLISH! READY TO BROKE OUT AND FLY?IOTA has a strong resistance on daily timeframe from APRIL and a new resistance formed from SEP, however, smaller tfs on IOTA are turning bullish, looks like IOTA is getting ready to breakout of this month old resistance. The recent crash helped IOTA forming up the right shoulder.
- Inv H&S on 4hr timeframe.
- 200 EMA support is there just below the price candles on 4hr and daily tf, so less risky.
- Falling wedge on 4hr.
- Support is becoming stronger and resistance is getting weaker.
IOTA MASSIVE 1-MONTH BULL FLAG AND INVERSE H&S! GAINS COMING!Since the last run-up of IOTA in the starting of September it found a strong resistance and has been forming a massive bull flag pattern.
A bullish flag is a trend continuation pattern. Also, we have seen BTC breaking all the resistance and it's only 16% away from the previous all-time-high, if bulls manages to break the remaining resistance at $57k for Bitcoin alt-coins will go parabolic.
I am expecting IOTA to breakout of this massive bullish penant soon maybe in the next few days or hours, this is a great time to start buying IOTA at $1.29 - $1.1 area and keep accumulating it before a strong bullish move happens towards the resistance areas and my take profits at $1.47 - $1.74.
IOTAUSDT 1D : READY TO TOUCH ATH Keep In Mind ❗
🟣 Purple structure -> Higher Timeframe Structure.
🟢 Green structure -> Daily Structure.
⚫️ Grey structure -> 4h Structure.
🟡 Yellow structure -> <4h Structure.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.
IOTAUSDT - Parabolic move coming.IOTA is coiling up for a huge breakout, on the daily timeframe market broke above the previous swing low forming a inverted head and shoulders formation. MACD is about to cut for bullish we now need to see a break and close above the neckline in confluence with the descending corrective trendline for the bulls to take control.
🆓MIOTA (IOTA) Oct-5 #IOTA $IOTAIOTA is testing the 1.15$ zone and if it doesn't lose this zone it will bounce back to 1.3$ zone to conquer this zone before moving up to 1.5$ and 1.8$ zones in this October. But if it loses this 1.15$ zone, it will come back to 1$ zone or even lower
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.15$ zone
🔴Buy : 1.15
🔴Sell : 1.3 - 1.5 - 1.8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.15$ zone
🔵Sell : 1.15
🔵Buy : 1
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
TRADE CHALLENGE #3 IOTAEntered IOTA @ 1.3275 with targets market on the chart.
BTC looking Bullish and wants continuation should see ALT coins start to show strength.
No stop will monitor the chop and will exit the trade if it breaks back below the breakout resistance line. I have marked the potential stoploss line and if we start to trade around this line i will look for exit.
Trade Challenge Update.
Starting CAP = $300
Current CAP = $436.74
Profit = $123.17 (after fees)