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IOT

IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing. Orange - Resistance. Pink - Support.
BITFINEX:IOTUSDShort
by thomasfar6
2
IOTA Trading strategyIOTA performed great over the last weeks, and buy interest is increasing. Atm forming a tight consolidation near the .768 of the retracement. break of this lvl is difficult because it will mean bullish continuation. However the breakout of this inside bar formation can give enough volatility to do so. Buy if it breaks the red pattern. If it breaks below place buy order near the trendline. A lot of buy support will be there. Target for the first move is the 1 extension (1.62$), we will likely pull back and probably continue with the bull run. In case shit hits the fan, stop orders can be placed below the upwards trending line at around 1.25$. GL
BITFINEX:IOTUSDLong
by RegideTrader
2
Iota Long TrendAfter Iota hit my hard resistance line and tanked, I looked at its long-trend history and noticed a pattern--each peak has been generally followed by a steep decline and then a rise to a new high. Within the coming week or even days I expect another uptrend here. However, the disappointing news about Bitfinex and the movement towards mainstream adaptation of blockchain technology has caused a panic sell and has probably turned people off from Iota. For anyone like me taking a long position on Iota, our best bet is to run wallets on full nodes to help Tangle grow. Additionally, while the Iota team is a brilliant bunch, they are largely lacking in social media outreach and marketing campaigns. While this is beneficial to us now, we must ask ourselves a few questions: 1. Will it be easy for companies or governments adapting Blockchain to switch over to Tangle? 2. Does the additional benefit of Tangle outweigh the time it would take to convert to it? 3. Wouldn't it be better to reach out to Iota about strengthening their marketing and social media outreach? If we can't answer these questions, then we just look like a bunch of speculators who bought into the newest fad coin. We have to share the good name of the coin, folks.
BITFINEX:IOTUSD
by PhoenixPre
2