IOTUSD trade ideas
IOTA Sell the breakdown.IOTA - Intraday - We look to Sell a break of 0.7744 (stop at 0.7922)
Short term momentum is bearish.
Pivot support is at 0.7745. A break of 0.7745 is needed to confirm follow through negative momentum.
There is no indication that the selloff is coming to an end.
Our profit targets will be 0.7232 and 0.7132
Resistance: 0.8000 / 0.8300 / 0.8500
Support: 0.7800 / 0.7500 / 0.7300
IOTA:DOWNTREND FIBO SWING 61.8% |PRICE ACTION|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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IOTAUSD Analysis - Adam and EveAn Adam and Eve formation has allowed the transition through 1.618 into the next fib ring
Now a rounded Top is forming which I love to see, as they tend to break out to the upside frequently
The only question is will this breakout be localized within the same Fib ring or push out into 4.618? Time will tell
A few other patterns have been included also
My personal bias on IOTA is neutral
#IOTA $IOTA #MIOTA - The Market CycleI'm now looking for the 4th wave to complete on HTF support, which will then lead us into a very violent and explosive 5th wave. Look at Oct 2017 > December 2017 as an example.
The times/dates of price forecast are only for illustration purposes.
I believe this will be the 'minimum' target to chase within this Bull Market Cycle.
I'm long. Average re-entry of 0.65c.