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IOTUSD trade ideas

IOTA - Hopium, Hopium, and Hopium...IOTA is looking slightly bullish on the daily timeframe as it is about to break out of the triangle. Not to mention, bulls did an amazing job defending the daily MACD cross right at the zero mark. On the weekly timeframe, we can see the RSI making a potential inverse head and shoulders pattern. Similar to every inverse head and shoulders pattern, we must wait for the break of neckline resistance as confirmation. Using a variety of synthetic currency pairs, we can compare the strength/weakness between IOTA and other cryptocurrencies. In this example, we will use synthetic pair IOTUSD/NEOUSD which simplifies into IOT/NEO. There's a very visible bearish divergence in MACD, RSI, and Stochastic. There's a possibility that money from algo traders that are trading synthetic currency pairs may go into IOTA due to its temporary weakness against other cryptocurrencies. But keep in mind, this is simply a method to compare the strength/weakness between two highly correlated asset. USD value of IOTA does not necessarily have to go up in order for IOT/NEO to go down. Using IOT/ETH pairing, we could see that we're approaching a long term support trendline with a double bottom starting to form. This further supports my point in IOT/NEO: IOTA should theoretically gain strength compared to other cryptocurrencies in the coming days or weeks. Just like every single double bottom, a retest of the neckline is necessary. The neckline support must hold or else it would indicate that IOTA is still too weak. Feel free to share your long-term bearish ideas, it's always good to know both sides.
BITFINEX:IOTUSDLong
by Ernest_Ar
There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A trough is formed in daily chart at 0.2667 on 03/09/2019, so more gains to resistance(s) 0.3340 and maximum to Major Resistance (0.4015) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 49. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
4
IOTA Primed for a Short Term RunIOTA has been accumulating for quite a while and it is prepping to make a run that would give Usain Bolt some competition. Some important indicators in there for you to look at, so please take note. I have a short term goal of $0.33 and based on the channel I drew out I can see potential for $0.40 barring any extraordinary news. 24 hour volume has been between $6-12 million and over the past few days has amped up going as high as $25 million. Keep an eye on this one.
BINANCE:IOTAUSDLong
by PowderCroyt
There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 57. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
2