IOTA - RSI low, extreme fear offers opportunityThe FUD around crypto is hitting hard. The market has not been this oversold (RSI on the daily) since March 2020. 75% price loss from the peak is a pain for people who came in late and I hope this will not scare away newcomers. However, for others this is a great opportunity to enter the market who before argued that prices were too high.
We broke a critical support at 1.70 and from there it was a free fall to the current support at around 0.68 and currently we are trading at 0.76. The crypto market is ruthless and we might see another leg down, but I also see a great recovery coming as history has it proven to us many times. It is interesting that less volume has moved the price much more down then it did beginning of Feb on the way up.
One thing has not changed at all during this sell-off - the technology.
This is no financial advice.
Happy trading!
IOTA
IOTABTC - confirmation of 21 MONTHLY EMA - Bullish!The longer the range, the stronger the support/resistance. This one is of an epic proportion. Short moves will get you confused. Remember, why do you invest in IOTA in the first place. If this. monthly holds, you might. look deeper into fundamentals ;)
IOTA - TWO SCENARIOSI'm now scalping long up to $2.25 - further price action will be observed in this topic.
Currently locked in medium term bullish pennant, price will most likely re-test both of the resistance/support levels number of times until breaking out.
Two scenarios presented in green and red.
If interested in my point of view, comment and follow the idea.
#IOTASTRONG
ATOMUSD Cosmos start to rise again.The advisor MarketMiracle generates an entry signal for ATOMUSD at price 22.91 USD with a target price of 25.66 with a potential profit of 11,99 %
Analyzing the graph this could actually come true in fact there are no particular obstacles in front of the price and the upward thrust identified by Miracle Viewer seems to become increasingly consistent, the goal is not so far.
This idea is based on a signal generated by the advisor Marketmiracle, scroll the page to find the link to the free page of the signals of the advisor that you can consult without any cost and without registration.
IOTAUSD a small step forwardThe Marketmiracle advisor generated an input signal for IOTAUSD at a price of 2.00 USD with a target of 2.12 USD for a possible profit of 6.05
The graphical situation is compatible so I actually expect this price increase, which in my opinion is underestimated, I think that IOTA will continue to grow beyond the target.
This idea is generated on the basis of a signal of Marketmiracle, scroll the page down for the link to the signals in real time of the free advisor.
IOTA - The sleeping giantIOTA has a very healthy performance compared to other cryptocurrencies. Although the exponential growth is still missing here, the coin is developing slowly and steadily upwards. IOTA has a stable trend channel that withstands even major corrections in the crypto market.
Apart from the technical analysis, the IOTA project has a promising fundamental basis due to the many partnerships with large companies.
Of all the cryptocurrencies, IOTA is one of my favourite coins. Definitely long!