IOTUSD trade ideas
IOTA weekly chart analysis - very important🚨🚨IOTA weekly chart analysis dear Crypto Nation😎
FIB 78.6% plays a big role for IOTAs price action
💠End of recovery in April 2021
💠Possible bottom after recent downmove
Very important🚨🚨
The POCs of the downmove from ATH and during the recovery were the same at $0.29
Look where price is now👀‼️
bullish scenario🐂🟢
price breaks POC & later trendline resistance at $0.90
bearish scenario🐻🔴
prive loses bottom at $0.135
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
IOTA --- Will it's 3rd cycle be cursedCurrently enjoying a nice pop!
But where does an old asset like #IOTA go this cycle
IOTA may be doing well just getting above a $1
Some older coins I'm actually bullish on like
#LTC and #XRP as I believe these two will be included in some of crypto index devised by wall st
But coins out of that top 20/30 may that have been around since 2017 may languish
Too much competition for attention
IOTAUSD Strong sell on 1day MA100 rejection.IOTAUSD got rejected on the 1day MA100 today.
This made the latest Lower High inside the 10 month Falling Wedge, which keeps the trend bearish.
Sell now and target 0.13500 (Support A).
The 1day RSI got rejected on its own Falling Resistance.
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Will Iota go to zero?After a monocratic, fascist and dictatorial decision to create 65% more Iotas, the cryptocurrency that is in no way different from traditional Fiat currencies continues its predicted path of decline to the point of no longer being worth anything.
They are playing a game of betting now and you can join in the game and lose.
8 years of development on the project raise suspicions about the maturity of the team or whether they are still children playing with other people's money, just as we see at FTX.
The path is clear, fall, fall, fall, fall and more fall.
Are you going to buy at 0.05?
Be careful, as it could go to 0.
IOTA/USD: some upside potential?Higher highs and higher lows remains of interest.
A price action above 0.1905 supports a bullish trend direction.
Further bullish confirmation for a break above 0.2030. One can increase exposure here.
The target price is set at 0.2165, or the 78.6% Fibonacci retracement level.
The stop-loss is set at 0.1800.
Remains below its 200-day and is regarded as a risky trade.
IOTA Is Looking For A Bigger RecoveryIOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023.
It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for wave (C) or (3) at least towards 0.30 area, we need to see a rebound back above trendline and 0.20 first bullish evidence level. Bullish confirmation is above 0.24 region, while invalidation level remains at 0.15.
#IOTA can go much higher even from here 📣It is still relatively a safe entry after a month of consolidation. Entering a trade during a consolidation period is challenging because market makers could still plunge the price below the range and then move bid the price up sharply. So I would just take 1/2 position here and add the other half should there be a plunge close to my stoploss level. Good luck.