IOTA
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.
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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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IOTAThursday, 29 April 2021
18:41 PM (WIB)
IOTA still on consolidation move same as other Crypto's movement today. After reached the highest point as Resistance and touched the lowest point as Support, the price break out from triangle symmetric, and almost similar with Litecoin, XRP, Band, Polkadot, the structure patterns price has break out from descending symmetric triangle. All of the movement, is really depending with Bitcoin. Until now at least.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTA - target projection 2.7 - 3.2 USDTechnical: 3.2 USD is still not off the table, although the pennant broke to the downside. We bounced strongly off the lower Bollinger Bands targeting the topper band again. Extension would lead to a new high and cross on MACD. When comparing Iota to Bitcoin , we have experienced a much stronger growth on Iota's side recently. We are bouncing off strongly from the support at 3500 Sat, which has been the resistance for almost 2 years now. Currently, the price is at 3900 Sat and moving upwards again. Bullish divergence could drive the price much higher while being support by 20-day EMA . Touching the new resistance at 4300 should be likely, if not breaking through in the coming weeks on the way to the next strong resistance at around 5400 Sat.
Fundamental: Chrysalis part 2 will be released tonight. NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. The energy consumption of Iota is by far less than what it takes to transact Bitcoin - around 5 million transactions one could do for the same energy it consumes for a Bitcoin transaction right now (1 Iota transaction uses 0.112Wh). The confirmed TX after the Chrysalis update can reach 1000+ TPS . Furthermore, since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy.
This is no trading advice.
Good luck!
Use Cup and Handle Pattern formingI've notice a huge potential Cup and Handle pattern in the making on the IOTA/EUR pair. But this pattern also can be pointed on the IOTA/USD pair.
However the cup and handle pattern dit not formed yet, but if it will i expect a potential upwards movement.
The timespan however is quite big. From May2018 till April 2021. But its just an idea for people who want to invest in IOTA for the long term.
IOTA (MIOTA) - April 28Hello?
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(IOTAUSD 1W chart)
(1D chart)
You should watch for any movement that deviates from the 1.91239677-2.51335617 section.
In particular, we have to see if we can get support at 2.03351702 and rise above 2.33285479.
If it falls, we need to make sure we get support in the range 1.71207698-1.91239677
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls at the point of 1.2319710, a Stop Loss is required to preserve profit and loss.
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(IOTABTC 1W chart)
(1D chart)
3555 Satoshi-4221 You should watch for any movement that deviates from the Satoshi section.
If it falls, we need to make sure we get support at the 3886 Satoshi spot.
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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