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IOT

A trading opportunity to buy in IOTUSDTechnical analysis: . IOTA/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 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.96) Ending of entry zone (0.70) 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= @ 1.16 TP2= @ 1.33 TP3= @ 1.62 TP4= @ 2.04 TP5= @ 2.60 TP6= @ 3.10 TP7= @ 3.92 TP8= @ 4.75 TP9= @ 5.80 TP10= Free
BITFINEX:IOTUSDLong
by ForecastCity
A trading opportunity to buy in IOTUSDTechnical analysis: . IOTA/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 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.96) Ending of entry zone (0.70) 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= @ 1.16 TP2= @ 1.33 TP3= @ 1.62 TP4= @ 2.04 TP5= @ 2.60 TP6= @ 3.10 TP7= @ 3.92 TP8= @ 4.75 TP9= @ 5.80 TP10= Free
BITFINEX:IOTUSDLong
by ForecastCity
5
Bearish break out on IH&S. Short.IOTA was again limited below the 1.2548 Resistance on 1D, which is now neutraly biased (RSI = 48.321, Highs/Lows = 0, ADX = 18.546). We see two successive curve patterns with the latest however breaking the formation by crossing 1.0710. This is a bearish break-out signal on 4H, which is already reversing (Highs/Lows = -0.0103, B/BP = -0.0219). There is no reason to alter the targets on IOTUSD: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459.
BITFINEX:IOTUSDShort
by InvestingScope
1
IOTABTC Waveform SpeculationsMade this for a friend so thought I'd share (not financial advise). IOTA / IOT has formed a pretty convincing bottom which would indicate the beginning of the next wave cycle, though this should be confirmed by trading volume... which at this point hasn't really been confirmed. I'd keep a tight stop loss just below the previous low point as inidicated on the fibbonaci level also. There is clear resistance ahead but if the price can break through this level we could see a bull reversal formation, which would also need to be confirmed by trading volume. If the price does break above this level and hole, then I would consider adjusting the stop loss to the current resistance level in future.
Long
by Biffy
1
Channel Down emerged. Still short.The price created the new Channel Down (RSI = 33.428) on 4H that was projected and Highs/Lows = -0.0270, B/BP = -0.0543, MACD = -0.035 already point towards the 0.888 support. 1D remains on a perfectly balanced downtrend (RSI = 39.385, ADX = 30.901) and the lack of oversold aspects indicates that the new bearish leg on IOTUSD can be sustainable and on a steady pace. The targets are intact: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459. IOTA remains a medium term short opportunity.
BITFINEX:IOTUSDShort
by InvestingScope
Consolidation is over. Short on a new Channel Down.IOTA broke the Rectangle pattern on a Bitcoin fueled rise on 1H but was still contained under 1.2582 of the previous High as seen on the 4H Arc shape. This neutrality (RSI = 50.167, CCI = -18.5085, Highs/Lows = 0.000) should break now as IOTUSD resumes the dominant 1D bearish trend (MACD = -0.076) on a new Channel Down. New shorts have been added with TP = 0.7947 as previously and the Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459 the next supports/ target points.
BITFINEX:IOTUSDShort
by InvestingScope
2
IOTUSD - Evaluating Bitcoin's move with altsAlthough BTC is what drives the market ultimately, the price action in alt coins can provide clues as to how the wave structures in bitcoin is unfolding. Here in IOTA, we have a similar 3 wave up structure as to bitcoin during the bounce from June 24th. Unlike BTC that started to form a wedge like structure, IOTA did not. Instead, IOTA is printing a clear 3-3-5 corrective pattern. The question now is whether wave C is completed or not. My opinion is that we are still in wave 4 of C (which is an irregular flat) which should form a 5 wave structure to the downside terminating at around $1.07-$1.12. It is also a possibility that the 5 wave structure in wave C has been completed. If this is the case, we can expect to test lows beyond that of June 24th. All in all, IOTA is printing a corrective pattern to the upside, which means an impulse to the downside is imminent. If IOT has to fall, bitcoin must lead the pack. Although there are high uncertainties, if you are trading with a plan you will be fine.
BITFINEX:IOTUSD
by someone514
Possible consolidation. Still short.IOTA has broken marginally then 1D Channel Down but still remains under heavy bearish mode (RSI = 31.878, Highs/Lows = -0.0959, MACD = -0.164). As you see on the chart there may be a possible recurrence of the previous 1H Rectangle pattern (with STOCHRSI = 47.986, Ultimate Oscillator = 49.518 already neutral) based on the High Volatility (ATR @ 0.0179). This doesn't change the plan for IOTUSD as 4H will either break now lower (B/BP = -0.0586) or in 2 - 3 sessions. TP is still 0.7947, with Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459 the next supports/ target points.
BITFINEX:IOTUSDShort
by InvestingScope
1
TP hit again. 1D Channel Down continuation. Short.TP = 0.9132 (1W Support) hit, as the 1D Channel Down (RSI = 29.366) continues to decline after a new Lower High. However IOTUSD is still above the intermediate and according to the low MACD = -0.179, Highs/Lows = -0.1789, B/BP = -0.4081, the downside gap is significant. The next obvious downside targets are on the following contact points/ intervals: Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459. Our TP = 0.7947.
BITFINEX:IOTUSDShort
by InvestingScope
8
What will happen next with BTC?Hello followers hope you are having a fantastic day so far. We have prepared for you all market breakdown on what is about to happen next. With BTC we could see a nice pull-down to my 6650 area where we stopped and started consolidating for past few days. So what is about to happen next? BTC could possibly re-test the major trend-line which is shown on chart and then start melting back to around 6600 area. But if BTC close below 6600 area second scenario will be in-play. Because of late institutional manipulation that we could have seen BTC spiked from around 7700 to 6600 in one week so bearish momentum is in play more, and by that we are focused on these levels. We think that BTC could easily spike to around 5500$ in a 2 weeks, from where we could easily see 4500$ area and spike to around 3500$ area where also sits 200 EMA on weekly. Do not be afraid. We do not think that BTC is dead. Actually we think that spike to around 3500$ area is the best thing, that can happen to BTC, because the major bull-run will happen after that. If we do spike to that area(3500$) we will go straight to 12,000$ in a couple weeks. But if BTC doesnt close below 6600 area there could be possible move to that 12K area. But we think that bear market is not over, because we break that major trend-line which was respected for too many times and BTC used to reversed from there. But not this time. Join my free group where i share my daily insights and my golden altcoin picks. t.me
COINBASE:BTCUSD
by Jeekis
43