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IOTA

IOTA - another 600% leg? Iota has an interesting case with multiple chart patterns signaling a strong upside move. If the entire crypto asset market remains bullish, Iota could potentially have another 600% leg as the leg from Feb - Apr. 2021. Both, Cup & Handle and a pennant seem to align for a strong break-out to the upside. On the weekly chart, MACD is converging and could cross in 1-2 weeks while RSI steepens with much room to grow to get to the overbought zone. possibly indicating the beginning of a bullish trend. The upside moves carried significantly more volume and short positions are growing even though the price is growing. If the short sellers need to cover their position, a short squeeze could be on the table. Staking starts in 2 days meaning that most of the supply is transferred away from exchanges to Firefly wallets. The analysis of the IOTA/BTC pair indicates Iota outperforming Bitcoin during the next couple of months. Bitcoin dominance is falling to all-time-lows. Good luck with your trades! Do not consider this as financial advice.
Long
by UnknownUnicorn3707027
1
IOTA fundamental priceBINANCE:IOTAUSDT IOTA definitely good project for long term, but just be careful now with any long positions cuz we can see squeeze down to test fundamental price around 0.62$ The good signs is we don't touch the bottom on RSI so we are still in neutral zone, and don't see the volume on chart from sellers Also on daily RSI we can see pump and extremely important to break in out previews high on RSI, if not we will see perfect divergence. Now we are trade under downtrend line FIB since May 2021 Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
1
IOTA +250% -360% UpwardsHi traders, As all crypto going downwards with BTC dragging the market down and I expect BTC to go down to 40K level, IOTA can be also pulling back to 0,80 USDT area before exiting the triangle formation on weekly time frame, where long-term target is hovering around ~4,00 USDT. Before we hit that figure, profits can be taken partially at 2.00 USDT, 2,70 USDT. These are the levels where I expect IOTA to make major pullbacks before moving towards the 4.00 Figure. Please share your thoughts on this. Best Regards, Tony
Long
by AATONY
$IOTA/USDT 1D (Binance Futures) Falling wedge breakout & retestInternet Of Things Application is pulling back to demand zone, retesting 50MA support, seems like a nice place to start a swing! As its name stands, this is an IoT project also available of BSC, more information on www.iota.org Current Price= 1.3333 Buy Entry = 1.3424 - 1.2540 Take Profit= 1.6873 | 2.2630 | 2.7920 Stop Loss= 1.0753 Risk/Reward= 1:1.75 | 1:4.33| 1:6.7 Expected Profit= +29.97% | +74.32% | +115.07% Possible Loss= -17.17% Fib. Retracement= 0.702| 1.117 | 1.414 Margin Leverage= 1x Estimated Gain-time= 3.5 months
Long
by TradingOn
1