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IOT

IOTA - Under The Empty VoidAfter the pump caused by the news of IOTA's partnership with Jaguar Land Rover, it had since then fully retraced and fallen back down. This is highly bearish as it shows a lack of follow through and continuation from the bulls. IOTA/BTC pairing is currently showing a very decent risk to reward for bears as a breach of the recent low, which is also the all time low, will cause intense fear and a bunch of stop-loss cascade. There is no support left for IOTA, it's just a matter of when the support breaks. I believe this is a great gamble given the high r/r ratio here for shorts.
Short
by Ernest_Ar
A trading opportunity to buy in IOTAETHTechnical analysis: . MIOTA/Ethereum 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 19. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00160 to 0.00150). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00160) Ending of entry zone (0.00150) 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 the 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= @ 0.00176600 TP2= @ 0.00186000 TP3= @ 0.00200700 TP4= @ 0.00231500 TP5= @ 0.00245000 TP6= @ 0.00257000 TP7= @ 0.00282500 TP8= @ 0.00305800 TP9= @ 0.00335000 TP10= @ 0.00365000 TP11= Free
Long
by ForecastCity
5
IOTA - Hopium, Hopium, and Hopium...IOTA is looking slightly bullish on the daily timeframe as it is about to break out of the triangle. Not to mention, bulls did an amazing job defending the daily MACD cross right at the zero mark. On the weekly timeframe, we can see the RSI making a potential inverse head and shoulders pattern. Similar to every inverse head and shoulders pattern, we must wait for the break of neckline resistance as confirmation. Using a variety of synthetic currency pairs, we can compare the strength/weakness between IOTA and other cryptocurrencies. In this example, we will use synthetic pair IOTUSD/NEOUSD which simplifies into IOT/NEO. There's a very visible bearish divergence in MACD, RSI, and Stochastic. There's a possibility that money from algo traders that are trading synthetic currency pairs may go into IOTA due to its temporary weakness against other cryptocurrencies. But keep in mind, this is simply a method to compare the strength/weakness between two highly correlated asset. USD value of IOTA does not necessarily have to go up in order for IOT/NEO to go down. Using IOT/ETH pairing, we could see that we're approaching a long term support trendline with a double bottom starting to form. This further supports my point in IOT/NEO: IOTA should theoretically gain strength compared to other cryptocurrencies in the coming days or weeks. Just like every single double bottom, a retest of the neckline is necessary. The neckline support must hold or else it would indicate that IOTA is still too weak. Feel free to share your long-term bearish ideas, it's always good to know both sides.
BITFINEX:IOTUSDLong
by Ernest_Ar
There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A trough is formed in daily chart at 0.2667 on 03/09/2019, so more gains to resistance(s) 0.3340 and maximum to Major Resistance (0.4015) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 49. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) 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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
4
There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 57. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) 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 the 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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
2
There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) 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 the 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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
2
A trading opportunity to buy in IOTABTCTechnical analysis: . IOTA/BITCOIN 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. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00007300 to 0.00006415). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00007300) Ending of entry zone (0.00006415) 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 the 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= @ 0.00008020 TP2= @ 0.00008540 TP3= @ 0.00009380 TP4= @ 0.00011050 TP5= @ 0.00012950 TP6= @ 0.00014060 TP7= @ 0.00016480 TP8= @ 0.00018910 TP9= @ 0.00026760 TP10= @ 0.00031200 TP11= Free
Long
by ForecastCity
9
IOTUSD: 1st target hit. 2nd projected towards the end of JanuaryTP = 0.3200 hit as the 1W Channel Down (RSI = 34.160, MACD = -0.306, Highs/Lows = -0.1732) made a new bearish leg nearly making a new Lower Low at 0.2450. Based on this channel and the Lower Low support (dashed line) we will pursue our final TP = 0.1495, which is projected to be accomplished near the end of January. However due to the highly probable scenario that the crypto market is near a bottom, we are prepared to close that final position (still on profit) if the price jumps above 0.4000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:IOTUSDShort
by InvestingScope
1