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IOTA

IOTA Reached Long-Term Resistance With Bullish DivergenceHi dear friends, hope you are well, and welcome to the new update on IOTA coin. Long term resistance: On a weekly time frame, IOTA is trying to break out a low term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move. Bullish divergence: On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high. 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
IOTA staking liveA combination of factors here will push this higher most likely. 1-Staking has gone live, a lot of people are moving iota from exchanges to the firefly wallet because of this which will restrict trading supply. 2- iota hasn historicaly underperformed making a favorite and easy short, this could lead a big short squeeze 3- a lot of exchanges (Binance) have have fraction al reserves for coins: that includes iota. A lot of people cant move from Binance to the firefly because of a lack of liquidty. That means big names will be moving to buy large volumes to cover themselves. a lot of things going right for a big pump here
Long
by MysteriousPersian
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