IOTUSD trade ideas
IOTA has reached capitulation trendlineThe three years trendline that was once very strong support flipped resistance and rejected price violently three times already. RSi IN A RISING WEDGE. Volume is less relative to other bull runs, which makes this run more dubious.
It is impressive that a zombie coin can recover 6% from an ATH Drop of 99%. So basically if you bought $100 at ATH, at one point you would have lost $99, but in this recent run you recovered $6. So keep hodling chums, meanwhile coins with fantastic applications and proven technology like SXP, link, tezos are going to 100X from their lows.
Imagine if you don't take profit from a 100% sure dead coin and invested it in an 100% sure success defi coin. even if this coins pumps to the 1.618 it will only be %50 more while other coins are estimated to go %500 and even %1000 gain.
Hodling or buying this coin is senseless.
medium term price action idea for IOTAUSD , dont buy now medium term price action idea for IOTAUSD , dont buy now , we can see a clear double top formation this means we are about to sell off the market don buy super risky
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IOTUSD Symm / Ascending Triangle Target: 0.45$ - 0.46$IOTUSD Symm / Ascending Triangle Target: 0.45$ - 0.46$
IOTAUSDLooking at this chart on a H1 the uptrend is still intact and i just took another long position at the last retracement on M15. Generally i believe that this rally would continue to the upside.
IOTUSD Up To 0.38 - 0.40$ THEN Down To 0.3$...IOTUSD Up To 0.38 - 0.40$ THEN Down To 0.3$... repeat...
IOTA a recipe for disasterHeading into massive resistance with bearish divergences on the weekly. The resistances are 0.37 key level, descending channel and weekly ichimoku cloud.
IOTA: 0.3500 as Strong Resistance and How to TradeIt looks like the price will reach 0.3500 resistance zone. It is a strong resistance that could stop and reverse the upward movement at the beginning of 2020. After that, we saw a strong downward movement.
This time, we can expect a pullback toward MAs with 20, 50, and probably 100 periods. But I think the buyers will be able to keep the bullish structure.
The good entry zone for new long positions is 0.2500 support. If the price bounces from 0.3500 and reaches 0.2500, we will have to watch for the price action and wait for reversal signals.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
daily analysis of IOTA/US DOLLARHi friends
the daily chart of this market shows that it will experience an uptrend in the coming days but it is better to be vigilant of the change of the market towards the opposite direction
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IOTA: Possible Buying Opportunity from 0.2600USD SupportHere is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to the support zone it will be possible.
If you skipped the previous buying opportunities, you will have a possible buy signal from 0.2600USD support. For opening long positions, we will need reversal signals. The profit target for such long positions will be 0.3500USD resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
IOTUSD Bounce Off Channel Support (0.3$) Up to 0.32$?!IOTUSD Bounce Off Channel Support (0.3$) Up to 0.32$?!
Shorting IOTA after big PUMPIota has been quite a resilient coin, but the interest in it has been consistently dying off.
It had a big PUMP just recently as it's an older coin (from 2017) and has quite some market cap, but it really doesn't have the volume nor the interest to keep this up.
I'm expecting a big correction from this high, but I'm still using a tight stop loss. Maybe we will find support inside the cloud if more buying pressure can step in.
I'm looking for a short opportunity in the short term, but I'm keeping my eyes open.
