IOT
IOTUSD downtrend parallel corridorThe last some days we saw 8x IOT to USD pump, so probably it's time to have a downtrend pricing... This situation does not fit to traditional Fib retracement, but who knows.. If price will move within the corridor we can enter at 2.9 USD approx.
So good luck all of us)
IOTA - Simple Support & Resistance, Fibonacci. In the past days iota has seen a very large run-up in price, now this tremendous growth often has to come with a bit of sustained correction comma it is unlikely that we will see I hope I drop to previous loads such as under the $2 Mark as the market is currently way ahead of that. We can expect to see the price fluctuate way between $5.50 resistance and the $4 support comma this is a $1.50 range that you can use to play short-term trades comma support lines or supply lines is where you look want to look to be accumulating.
Orange - Resistance.
Pink - Support.
As always tried the lines accordingly.
IOT to BTC Newb AnalysisIt looks like we're possibly in the middle of wave 3 on the 4 hour chart for IOTA. FIB Retracement is there for my own education. I'm long on this until it breaks the trend, I expect a brief correction in the next 24 hours before it continues its move up.
This is not financial advice, I'm new. Trade at your own risk.
IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing.
Orange - Resistance.
Pink - Support.
IOTA Trading strategyIOTA performed great over the last weeks, and buy interest is increasing. Atm forming a tight consolidation near the .768 of the retracement. break of this lvl is difficult because it will mean bullish continuation. However the breakout of this inside bar formation can give enough volatility to do so. Buy if it breaks the red pattern. If it breaks below place buy order near the trendline. A lot of buy support will be there.
Target for the first move is the 1 extension (1.62$), 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
IOTABreak out resistance line of falling wedge - reversal pattern. Now it look like Elliott wave. I expect that the 2nd correctional wave is over and now the beginning of the 3rd wave. The third wave is the biggest. the third wave is an impulse wave. Third wave breaks all resistance lines . In this wave of investing big money.
IOTA USD Roller Coaster scenario IOTA USD is in a big ascending channel with a support around 0.34.
D1 RSI target the oversell level.
Trade ex :
Sell short @ 0.40 SL 0.415
T1 0.35
T2 0.34
then in function of the support reached, if the wolumes are good :
Buy long @ 0.34 (or 0.35) SL around 0.33
T1 0.40
T2 0.43