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IOTA

IOTA: Under Water 🤿IOTA has jumped off the cliff at $0.9810 and dived into the green thicket of sea weed between $0.8968 and $0.7442. Here, it has been swimming along for a while now, watching the wildlife of the underwater world. We expect IOTA to go a bit deeper still and to finish wave c in orange just below the green thicket. Then, the dive should be over and IOTA should resurface above $0.9810. From there, long-term rise is possible again. As they are still uncharted, though, IOTA could find something interesting in the depths below the green sea weed thicket and dive below $0.5736 to examine it. The results could then even lead to a continuation of the dive further down. This alternative scenario is rated with a probability of 45%, after all.
BINANCE:IOTAUSD
by MarketIntel
1
IOTA - the market remains ruthlessThe entire crypto-asset market is bleeding. We were looking for a bullish break-out to the upside with one condition to be met. The crypto market would have to remain bullish. Unfortunately, we have seen the opposite due to interest rate hikes, the banning of crypto in Russia and a potential new pandemic escalation leading to a strong sell-off. Not only in the crypto market, but across different asset types we are experiencing strong declines while tech is one of the hardest hit sectors. From a technical perspective, we were rejected from the 200D MA. MACD is diverging again and facing the downside which is a bad sign. RSI shows us a hidden bullish divergence which is on the first sight good, but we have a lot more room to go down as oversold regions are much lower than at level 40. I assume a strong support at the 0.6 - 0.8 level and we could bounce quite nicely here. Also depends on how much longer the general market will remain bearish. Time to BUIDL and forget about returns for a while. Good luck with your trades! Do not consider this as financial advice.
by UnknownUnicorn3707027
IOTA: Don’t Get Too Comfy!☝️After its steep descent from the orange-colored zone, IOTA has been relaxing a bit and puttering around between $1.1 and $1.2. However, it shouldn’t get too comfy because we expect the price to fall below $0.9810 soon. There, it should get caught by the green area between $0.8968 and $0.7442, finish wave c in orange and bounce off again. Still, there is also a 30% chance that IOTA could shy away from touching the $0.9810 mark and rather decides to take off earlier. If it manages to reach the resistance at $2.0842, further rise will become more likely.
BINANCE:IOTAUSDShort
by MarketIntel
1
7 Year old Bullish triangleWe just bounced off serious support, both within the LTCUSD and LTCBTC trading pairs. LTCBTC marked recently a historical low in relation to Bitcoin, hence we are witnessing increased volatility and significant growth in relation to USD. Considering the size of this triangular formation where support is clear targets in the area of previous top (c.413 USD) seem to be merely the beginning of the explosive growth which we will possibly witness within the coming weeks. T1 for this long term chart would be the psychological 1k, following further Fibo resistance levels. Never forget money management, risk/reward ratios, or stop-losses!
BITFINEX:LTCUSDLong
by crypto_poet
6
MIOTA IOTA Rejected But There Is Bullish Divergence On ChartsHi dear friends, hope you are well, and welcome to the new update on IOTA coin. Rejection by the resistance of weekly triangle: On the weekly time frame, IOTA is once again rejected by the resistance of a big symmetrical triangle. Small triangle: Priceline has formed a small triangle on the 4-hr time frame, and now it may retest the support of this triangle. But is IOTA breaks down this small triangle then it may test the support of a bigger triangle on the weekly time frame. Bullish divergences: There are different divergences that appeared on different time frames as below. 4-hr hidden divergence, as the priceline forming higher lows but RSI setting lower lows. Daily bullish divergence, as the priceline forming lower high but RSI setting higher highs Weekly bullish divergence, as the priceline forming lower high but RSI setting higher highs Therefore, soon we can expect a big breakout and long-term rally. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
2