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IOT

IOTA RangingNot much has changed since yesterday. IOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. On the downside, it will find support at the lower bound of the KRI at $2.84, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI at $4.94, the psychologically significant $5 mark, and a Fibonacci Extension level at $5.06. 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 Lagging, Could be Entry OpportunityIOTA still appears to be in the doldrums, though it is gradually drifting upwards in a purely technical move. It will likely face resistance at $4.38, a Fibonacci Extension level, but has support from below at $3.88, the central moving average of the KRI. This seems to be very unimpressive for Wave 3 of the impulse segment of the Elliott Wave, as this is supposed to be the longest and strongest. Other than the stated levels from above, there is a relative vacuum zone before the upper bound of the Kovach Reversals Indicator at $4.90, so there is still hope. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
BITFINEX:IOTUSDLong
by quantguy
9
IOTA - Short Price Decline - Subsequent PumpIOT should be comfortable testing the $5.00 price line (IOTUSD) until a confirmation in either direction confirms. Currently, RSI, MACD, MAs support price decrease, and this is even further supported if the resistance at $5.00 holds up for 1-3 days longer. If we land at ~$5.25, there should be a price increase, and given the On Book Volume there would be a massive price increase if the volume begins to take off. If we stay above $5.00 but under $5.10, we should see some more flirting with the $5.00 price line and need more confirmation. Should IOT stay below the $5.00 resistance while increasing in volume, I wouldn't wait for a drop much larger than $0.25 before buying into a mid-term pump. Bollingers are showing that the current price is overvalued by almost 2 standard deviations, thus supporting at least a small price decline (1 current standard deviation = ~$1.00). Ergo, if downward movement begins, it's not unreasonable to expect a ~$1.00 price decline for a buy opportunity of ~$4.00 (depending on what the "new" Current Standard Deviation is equal to). Overall, IOT should see another massive growth pump within 10 days, but it depends on how the next couple days shake out. I'm cautiously buying IOT at it's current price, only if it drops to ~0.000282 BTC/IOT, but I'm hopefully awaiting a price adjustment(s) to ~$3.50-4.25 in order to buy more before the next takeoff (approximately 0.000262 and 0.000235 are future targets if decline is triggered). Words to the wise: BTC is in a downtrend, but it is starting to show signs of breaking back upward--and we know how quickly it goes up. Take ANY Altcoin advice you are reading with TWO grains of salt. I do not advise risking more than 5% of your BTC on IOT at the current price (because the downside risk is larger than upside), and I certainly don't advise trying to buy into Alts while BTC is low. Yes, you may come out on top of very few coins that essentially "magically" move up alongside BTC pumps, but the reality is that you are almost guaranteed to lose BTC if you buy Alts just before a BTC pump. My stop losses would be reflective of BTC price movements upward to over $17.5k if risking 5% of my BTC. Cheers, and good luck on your trades, -Jordan P.S. Please like or share if you found this analysis useful, and don't hesitate to leave me a direct message or comment on this Idea if you found it interesting, have more questions, or think this is entirely too wordy for what people are looking for--sometimes I enjoy hearing myself type more than a regular human being...
Short
by jhindman989
6
IOTA did it again and bounced bullishly from my TL YEY!IOTA did it again and bounced bullishly from my TL YEY! What do you think, will it keep going up? My personal opinion, IOTA being an IOT based invention is a powerful technology and Tangle which people consider as next-gen blockchain is a powerful on its own, I personally think IOTA will continue up... its my only opinion, I am not an financial advisor. How to trade IOTA? I am using the Binance Exchange which is one of the larger crypto exchanges with over 2 million users (per their statement). You can use my partner link and get 50% OFF on all exchange fees for a complete, full month: Binance.com Exchange Partner Link
BITFINEX:IOTUSDLong
by ForexEZ
IOTA:USD Double Top (Tripple Top)IOTA dubble topped, time for a correction/consolidation. My IDDQD Strategy printed a sharp overbought signal (vertical red stripe). LSMA (white) is on its way down. As well as the IDDQD line (green) resulting as a sell-signal (red dot). Because of the recently printed candle the green IDDQD line looks like a hook. In the live version this isn't the case anymore. The momentum (grey ghostarea) is pretty low and there is nearly no volume at all. Confirmated when the dotted line is broken. First target will be the support area at the .236 fib. Second target, which is less likely because it's still an uptrend is the .382 fib. S/L at 5.2 USD T1: 4.5 USD T2: 3.6 USD
BITFINEX:IOTUSDShort
by Nocturnoz
2
IOTA TumblesThe mighty IOTA has broken down past numerous psychological and technical levels to retest the $1 handle, finally finding support at $1.11 or so. Of all cryptos, it faced one of the most vicious setbacks. This has forced us to rethink our Elliott Wave interpretation, reconfiguring our representation to render yesterday’s price action as the corrective phase. Though IOTA still looks weak, it is likely that we will not see $1 IOTA again. As of this writing we are comfortably ensconced in the mid $2 handle, $2.50 at the time of this writing. 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 BreakoutIOTA has continued its breakout from the dragon head pattern, though retraced slightly. This appears to mark the entry into the second segment of a new impulse wave. We could anticipate some pullback, to $4.37, where we have support from a Fibonacci Level, or to $4.20, where we have some support from the central moving average of the KRI. Either of these would be optimal entry points, and the wave would still be valid if we touched either of them. 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
5
IOTA Breakout... As AnticipatedAs noted yesterday in our newsletter, IOTA was indeed coiling up for another breakout as it rejected the central moving average of the KRI, and broke out from the dragon head pattern, testing the upper bound of the KRI before letting up steam. It seems IOTA is a bit ahead of the other Altcoins in terms of the Elliott Wave. It appears to have completed the corrective phase, and has begun the impulse phase of the next wave. 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
Bullish Trend / H4 / IOTA - Your thoughts?1. We may go to test the H4 TL. 2. Then we will probably hit the Fib 382 from whch we can continue our bullish ride.Just my personal analysis. Latest announcement from IOTA: “We are building #IOTA research and development wechat group in China. There are 30 ppl from #Alibaba #Amazon #xiaomi #ChinaTelecom #okex #USTC #CAS #BNU #SJTU and other companies and universities. Welcome to join in the IOTAChina development community. @iotatoken”- twitter.com Thoughts?
BITFINEX:IOTUSDLong
by ForexEZ