IOTA
IOTA: You already know the rest of the storyIOTA has been accumulating for a while. We're approaching to the end of the symmetric triangle, which tells that price will follow previous movement again.
Its better to confirm triangle breakout and then open long position, target price is around 0.000052.
IOTAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
If we cross the resistance line, we will enter into a deal for the above purposes
But if green support is lost, which is unlikely, we can predict a decline
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
IOTA (MIOTA) - May 8Hello?
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(IOTAUSD 1W chart)
We have to see if we can ascend above the important point of 2.49603989.
(1D chart)
It remains to be seen if it can climb along the uptrend line and rise above the 2.49603989 point.
If it falls, it remains to be seen if it gains support in the 1.71207698-1.91239677 range.
If it falls at 1.55251884, a Stop Loss is required to preserve profit and loss.
However, careful trading is necessary as it can gain support and climb in the 1.12689452-1.29319710 range.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
If the CCI line falls below 100 points, volatility may occur, so careful trading is necessary.
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(IOTABTC 1W chart)
We have to see if we can get support at the 3725 Satoshi point, which is an important point.
(1D chart)
3555 Satoshi-4221 You should watch for any movement that deviates from the Satoshi section.
In particular, it remains to be seen if it can gain support and ascend at the 3725 Satoshi point.
If it falls, we need to see if it can rise along the uptrend line.
2667 Satoshi-2889 If it falls in the Satoshi section, Stop Loss is required to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
IOTAWednesday, 5 May 2021
6:51 AM (WIB)
IOTA has shown consistent and significant uprising movement for several times, also The Bears has confirmed the ascending channel with clearly Resistance and Support lines. When the price visit the support lines, it is the best time to purchase for long term investment. Caution: Do not dare to trades on IOTA at the middle of the channel, the price so unstable.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTA retesting supportThe current level was rejected in February and August 2020.
It broke through in April 2021 and is now retesting this level as support.
My guess is that it will bounce now or oscillate around this level with a dampening effect before taking off in June.
If it breaks below the 20 day simple moving average it is looking bearish.
The project has strong fundamentals/transparency compared to projects with much higher market caps.
Not financial advice.
IOTAUSDT Potential BreakoutWatch IOTAUSDT for a potential Trendline Breakout, and Trend Continuation Trade.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
PSA: Beware of "Zombie Chains" - ETC, MIOTABitcoin, Ethereum, and most of the projects out there have never had their protocol compromised. There are a few exceptions -- the biggest ones being Ethereum Classic (ETC) and MIOTA. ETC had their protocol compromised by a 51% attack, MIOTA's system is most likely not even a real blockchain, after being audited by the MIT Technology Review. But we call them "zombie chains" because the blockchain allows for these projects to persist, even though it's dead.
IOTA rising slowly with no signs of exhaustionIOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation.
IOTA overall is a project I wouldn't trust and I'd put it in the league of XRP and some others. I don't think it is functional, but somehow it also has a following behind it and its development team is very active. Anyways, price says up, so up!
IOTAUSDT, Will go high very soon?Hello traders, like always everything is clear on the chart for you. So consider and monitor the price behavior in the circles. It needs to try again to break the resistance zone for growth. Good luck.
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