IOTUSD trade ideas
IOTUSD: Buy OpportunityThe trading idea is based on a trend reversal signal, which gives us a bullish divergence. If the price breaks the local swing high, it will confirm the further upward movement. RSI is bullish, and the same goes about MACD.
Entry Price: above 0.175
Stop Level: below 0.145
Profit Level: at 0.265
Risk per trade must be no more than 5% of your capital.
IOTA may see new lowsWhy stop at the all time low when there is absolutely nothing holding up the price except for some left over bagholder groups and occasionally some drunk YOLO from someone with actual money.
Now it would be great for those bagholdes if the founders would actually need new money and would therefore pump this buttcoin once more but I think they're level headed people that know when to stop and that moment was at the end of 2017.
Sad to see this coin die tho. They had a lot of great ideas. F's in the chat.
(This is not investing advice or financial advise or something like this. Just a dude drawing random lines over a mostly random walk. The H+S on an altcoin chart should give you the hint to not take this serious.)
IOTA/USDis it me or most alts are forming double bottoms... is the next 2-3 years ( 2020 - 2022) going to be a move to the upside?? all i can say is i think we are in a very fortunate phase and we should just buy what ever crypto we are researching on .
IOTA BEAR FLAGi observe this bear flag on BITFINEX:IOTUSD , the uptrend trendline violated so the pattern seems to be in play.
Trade opportunity is to go short, A measured move of the impulsive leg down put targets at $0.126
There is however a chance the market interprets this as a pennant in that case the move will be smaller and target is at $0.1560, in that case it may be building a bottom
Massive Head and Shoulders IOTAIOTA is a very promising project but the market doesn't care about this. It will see new lows as bitcoin corrects.
Im taking the length of the head to the base and copying the lengt from the neckline and downwards and end up with a target of 0.13. Great place to close short.
