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IOT

IOTA RangingIOTA joins the rest of the cryptocurrencies who insist upon ranging. This is a frustration to investors waiting for some semblance of a recovery. IOTA currently seems to be facing resistance 1.37, and may be giving up the $1.30 handle entirely. It seems to be settling on the range between $1.20 and $1.37. If we break out to the upside, we must punch through $1.435 and $1.44. Then there is a relative vacuum zone to $1.53. If not, $1.37 will provide support, and then the lower $1.20's. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave, which implies an extension of this phase. The Kovach Momentum Indicators do not suggest that this is likely any time soon. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
IOTA Finds SupportIOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
2
IOTA... SighIt has demolished levels of support to press the lower bound of the KRI with a vengeance. IOTA has long given up its range between $1.84 and $1.92, plummeting to the $1.20's. IOTA is currently sitting at $1.23, just above strong support at $1.21 and $1.20. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott Wave, which implies an extension of this phase. If sentiment turns bullish, we must punch through a vacuum zone to $1.37, $1.44, and $1.45. But it will take a great deal of momentum for such a drive. The Kovach Momentum Indicators do not suggest that this is likely any time soon. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
IOTA PummeledIt has been characteristic of IOTA to be hit hard during bad times, but react less bullishly to good times. This trend has continued as IOTA seems to be hanging onto the lower bound of the KRI at $1.50 by a thread. IOTA has long given up its range between $1.84 and $1.92, plummeting to support at $1.36 or so, before regaining footing. We'll have support from $1.42 and $1.45 if needed. We have resistance from above at nested Fibonacci levels at $1.67, and $1.72. We'll run into further resistance at $1.78 and $1.84. The upper bound of the former range will also offer resistance at $1.92 and $1.95, but we appear to be pretty far from considering this. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
2
IOTA SmashedIOTA has given up its range between $1.84 and $1.92, plummeting to support from the lower bound of the KRI at $1.61, but recovering ever so slightly to $1.67. What were once levels from below now provide resistance at $1.78 and $1.84. The upper bound of the range will also offer resistance at $1.92 and $1.95, but we appear to be pretty far from considering this. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Currently, $1.62 will provide support, but beyond that we have $1.45, a Fibonacci level. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDShort
by quantguy
IOTA RangingIOTA too has edged downward but maintained the range between $1.84 and $1.92. It is currently finding support at the central moving average of the KRI, at $1.89. IOTA is definitely lagging with regard to the strong momentum other altcoins have seen recently. It could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. Other levels of support include $1.84, $1.78, then $1.62, and finally we have $1.45, a Fibonacci level. We have $1.95 offering resistance from above. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
IOTA Still Range-BoundIOTA too has clung to a very narrow range between $1.92 and $2. It is currently finding support at the lower bound of this range, at $1.92, which is the central moving average of the KRI. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. Other levels of support include $1.84, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. We have $1.95 offering resistance from above. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
IOTA Edges UpIOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. The psychological $2 level is the most important level to the upside. We must break it before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
IOTA RetracesIOTA has made new relative highs in the $2 handle only to give that up and retrace back to the $1.90's. Although we are drifting upwards, the lack of momentum is concerning. We would need a lot more than this to confirm entry into wave 3. Luckily, we are still above the central moving average of the KRI at $1.88, which will provide support. Other levels of support include $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. Levels from above include $1.95 and $2. We must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSD
by quantguy
IOTA/USD - 2/27/2018IOTA has been a highly anticipated coin that suffered a huge price drop similar to others. Following this drop in price, it has now been forming into an ascending wedge and is looking up once again. The price has been forming this pattern since February and has used the trend on a total of about 7 occasions. This leads me to believe that the price will continue to follow this trend for the time being, meaning, the next couple of weeks. Inside of this wedge, there are profits to be made. The price is currently near the bottom of the wedge and has recently closed above the Leading Span B of the Ichimoku cloud, this indicates that the price may soon experience a bullish run. If this is true, the target price is set at the 23.8% fib retracement level, on the fib tracking the current downtrend. In the shorter term uptrend, we see the 23.8% fib also being used as resistance but much earlier. In confluence with a resistance level at $2, there is a high possibility that this level will keep the bullish run short before returning back in that direction. Important Resistance Levels: $2.185, 2.059 Important Support Levels: $1.769, 1.572 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
BINANCE:IOTAUSDShort
by EQBM
5
IOTA Behind the CurveIOTA has edged upwards from the $1.60's, and $1.70's to finally gain traction at $1.80 at the time of this writing. There is a notable consolidation of volatility which could lead to a breakout soon, confirming entry into Wave 3 of the impulse of the Elliott Wave. We have support from below at $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. Levels from above include $1.84, the central moving average of the KRI, then $1.95 and $2 are reasonable, and we must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
Modum - One of the most promising blockchain solutionsModum is a very anticipated blockchain project. With their pharma first strategy they have made a very wise decision: They help the pharma producers to record environmental conditions while the product is in transit to the distributor or consumer. Thus serving a very big sector in the economy. They do this using their own sensors (which already exist and work) which senses only temperature at the moment but they say that they could easily add functions such as humidity sensors or photo sensitive sensors. As the European Union came out with new regulations which say that all pharmaceuticals need to be supervised during transit concerning temperatures. Modum is currently running successful pilot tests with big pharma companies and last mile logistics provider in Switzerland. Reasons for massive success for them and investors: Very Early Stage: The ICO has been in 2017 Q4. Market Cap sits at approximately 50 Mio. USD and has multiple billion dollar potential. Look at competitors such as Vechain or Walton Located in Switzerland, Zurich in the middle of Zug and Basel. Zug is the so called Crypto Valley and Basel is the Europes main vessel for big Pharma corporations. Besides that I don't think that I have to mention the Swiss quality. (Oops just did) Their Pharma First Strategy. After the successful implementation in this sector their vision is to launch in multiple other sectors such as Healthcare, Chemical Industry, Heavy Machinery and even in the Food sector. The MOD token serves as a vote and a profit right in the company. What are your opinions on this project? Do you think it can be long lasting? Have a look for yourself modum.io
M
by UnknownUnicorn529572
2
IOTA weakensIOTA turned sharply, retracing to support in the $1.60's. What we thought was going to be a bullish breakout has unfortunately turned out to be bearish. We have extended the corrective phase of this impulse wave. Though this is still a reasonable pullback from a technical perspective, it is starting to become worrisome. We have support from below at the central moving average of the KRI at $1.50, then at $1.45, a Fibonacci level. Levels from above at $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone, will all provide resistance now. After that $2 and $1.95 are reasonable, and we must break these before we hit $2.20, after which, there is a relative vacuum zone until $2.25. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
IOTA Trending UpIOTA has broken out, but retraced from new relative highs at $2.20, finding support from the central moving average of the KRI at $1.95, which we've highlighted here many times. It is currently looking to test relative highs again. Like other coins, IOTA's retracement was normal and healthy. In the longer term, we still have somewhat of a bull wedge pattern, so some renewal of momentum can be expected. We definitely appear to have concluded the arduous corrective phase, and are entering the next impulse. Although we definitely have seen support from $2 and $1.95, we must conquer relative highs at $2.20, before we cross a relative vacuum zone until $2.25. Further levels from below $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
IOTA Massive RangeIOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading. After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal. The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend.
BITFINEX:IOTUSDLong
by CryptoPAMM
1
IOTA RetracingIOTA has retraced back to the psychologically and technically significant $2 mark as it has pulled back from relative highs at $2.17 or so. Like other coins, IOTA has had a respective burst of momentum so some retracement should be anticipated, and is normal. In the longer term, we still have somewhat of a bull wedge pattern, so some renewal of momentum can be expected. We are perhaps finally entering the next impulse wave, a welcome sign as the corrective phase has lasted since December. Although we definitely have seen support from $2, we must conquer relative highs at $2.17, before we cross a relative vacuum zone until $2.25. However, if we break down further, we'll have support from $1.95, $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy