IOTA to the moon and beyond! Back to ATH's baby!possible wave (i) of (iii) in development with targets up to 0.45-0.50 cents stop at the break of 0.25
IOTUSD trade ideas
Going hard for IOTA This gem made me money once. It will happen again. And I’m not bias because of that.
Let’s get into some fundamentals. It’s been a while since I’ve examined this coin. But we are close. Let’s talk about how many companies are interested or on board with this asset and yet it’s just a quiet background hum in my ears. Let’s talk mostly cars. VW. Mmmm. My favorite, Audi. Such class and sport wrapped into one. And yet if you’re going to talk German engineering you can’t leave out Daimler/Bosch/Benz. And their interest in autonomy and well, IOTA.
But wait we are missing something. Good old BMW. Hold on a second. BMW and Daimler just partnered for ride sharing autonomous vehicles in a venture? Three of the biggest auto manufacturers in the world have cross linked connections to IOTA. And here we sit at $.27 and bottom or near bottom of some significant trend lines.
Regardless, my goal of 2019 is to scale into this asset as much as I possibly can.
Sensor technology and connectedness are undeniable. But working in the background is never at the forefront of ones mind.
In this case it should be.
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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
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
There is a trading opportunity to buy in IOTAUSDTechnical analysis:
. IOTA/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2610)
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
IOTA (MIOTA) Price Prediction - Overview and Long-Term ForecastIOTA is an open source distributed ledger designed to execute transactions between machines connected to the Internet-of-Things. According to its founders: “We envision IOTA to be a public, permission less backbone for the Internet of Things that enable true interoperability between all devices”. Sounds a little scary to me though, could be the start of “Skynet” and we all know how that turned out.
It was launched in July 2017 and uses a Decentralized Acyclic Graph (DAG) instead of a blockchain. Its native digital asset is called MIOTA which enables micro-transactions between connected devices. The use of the DAG removes the dependency on miners for transaction validation: each new transaction must approve two previous transactions, thus eliminating the need for consensus in IOTA’s network.
IOTA (MIOTA) Technical Analysis – The Big Picture
MIOTA has been trading at $0.29 with a total circulating supply valued at $810,668,236. This puts it in the number 14 spot by market cap rankings.
Similar to most other cryptocurrencies, IOTA reached its all-time high in late December 2017 and has been sliding lower ever since. The last few weeks have been flat, with low volume and almost no volatility which means we may see a strong move to either side very soon. However, this next strong move may be short-lived, and the price could reverse rather quickly so I urge caution.
In the longer term, we can expect to see some type of bullish-movement develop due to the fact the downtrend is exhausted, there is established support in the $0.24 area and bearish advances have stalled.
From a Daily chart perspective, the pair is trapped inside a horizontal channel created by 0.2415 support and 0.4000 resistance. The bears have attempted to break said channel but failed so we can consider it to be firm support for the time being.
This presents us with two scenarios that could develop over the next 3 to 6 months. A break of 0.4000 could generate a climb to the previous significant high of 0.8200 while a break of 0.2415 will likely trigger an extended drop to the all-time low. A bullish break of the 100 days Exponential Moving Average (red line on daily chart above) would increase the chances of a move above 0.4000, thus opening the door for a move into 0.80 area over the coming months.
Daily Chart Support: $0.2415 ($0.2400)
Weekly Chart Support: $0.2400 followed by the all-time low at $0.14
Daily Chart Resistance: 100 days Exponential Moving Average and $0.4000
Weekly Chart Resistance: $0.4000 and $0.8200
Most likely scenario: a break of the horizontal channel will likely generate an extended move towards either $0.8000 or $0.1400; beware that the initial break may be a false one
Alternate scenario: price action remains flat for the coming months, with no interest for the coin from either bulls or bears
IOTA - CALL FOR BOTTOM RISINGIOTA is one of my favorite coins. Let' start in short.
IOTA has been consolidating in the triangle for some time. There is still not enough volume to push it up.
But upon reaching the point E this volume can increase with demand and I expect we could get some nice positive momentum.
After confirmation of the wave E, it is going to be the right time to pick your spot.
Target zone marked.
Possibilities in case of a strong support in 0.265 in mid termLooking big, the figure inside another one. possibilities based in volume Fibonacci and patterns
IOTUSD No buy signal yetPattern: 1W Channel Down.
Signal: Bullish if the 0.4100 Resistance breaks.
Target: 0.9100.
IOTA/USD ...The SpaceShip Two VSS Unity Virgin Galactic ...She calls out to the man on the street
'Sir, can you help me?
It's cold and I've nowhere to sleep,
Is there somewhere you can tell me?'
He walks on, doesn't look back
He pretends he can't hear her
Starts to whistle as he crosses the street
Seems embarrassed to be there
Oh think twice, it's another day for you and me in paradise
Oh think twice, 'cause it's just another day for you,
You and me in paradise, think about it
She calls out to the man on the street
He can see she's been crying
She's got blisters on the soles of her feet
She can't walk but she's trying
Oh think twice, 'cause it's another day for you and me in paradise
Oh think twice, it's just another day for you,
You and me in paradise, think about it
Oh Lord, is there nothing more anybody can do
Oh Lord, there must be something you can say
You can tell from the lines on her face
You can see that she's been there
Probably been moved on from every place
Cause she didn't fit in there
Oh think twice, 'cause another day for you and me in paradise
Oh think twice, it's just another day for you,
You and me in paradise, just think about it, think about it
It's just another day for you and me in paradise
It's just another day for you and me in paradise, paradise
It's just another day for you and me in paradise
It's just another day for you and me in paradise, paradise
It's just another day for you and me
It's just another day for you and me
It's just another day for you and me in paradise
In paradise
