IOTA | ASCENDING TRIANGLE | 23rd March 2021 - 3rd April 2021Textbook ascending triangle pattern. Breakout confirmation after daily close above $1.58. Book profits around weekly resistance of $2.42
IOTA
IOTAUSDT (MIOTA) - POTENTIAL BREAKOUT ANALYSIS 🔎
- IOTAUSDT is printing an ascending triangle (AT) pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's (AT) horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's (AT) inclined support.
IOTA long downtrend on the verge of breaking upward.IOTA is reversing after years of downtrend, even though many old alt coins are pretty much higher then their lowest point (still long way till ATH), but IOTA just started to breakout.
*** Do your own research.
*** This is just my own analysis, not an investment advice.
Looking goodNot much to say honestly. Iota is looking healthy. Coming towards the tail end of an ascending triangle. $2.00 appears as target.
$IOTA/BTC 4h (Binance Spot) Falling wedge breakoutMiota is trending inside an ascending channel and has broken out of that falling wedge.
Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone!
Current Price= 0.00002450
Buy Entry= 0.00002385 - 0.00002323
Take Profit= 0.00002659 | 0.00002898 | 0.00003316
Stop Loss= 0.00002150
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72
Expected Profit= +12.96% | +23.11% | +40.87%
Possible Loss= -8.67%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
IOTA - Ascending Triangle BreachedThe overall Sentiment of mkt ---- Bullish
Ascending Triangle breached
Consolidation period almost complete
I expect a rise upto the resistence level.
What do you think....
IOTA/BTC Broadening descending wedgeLots of IOTA news coming this month with Chrysalis around the corner
Update on ascending triangleLooks like we're part of a larger ascending triangle. With great fundamentals amd recent news, look for increased volume for confirmed breakout. Target 1.8ish
iOTA target 1.78Following 4h chart.
This my third trade in iOTA.
There is c clear channel and cup & handle formation.
First target will be 1.78
SL 1.23 or follow channel.
Please follow chart with 4h close prices.Do not panic with price actions.
Leave comment if you join.
IOTA formed Cypher for upto 26% rallyHi friends, hope you are well, and welcome to the new update on the IOTA coin.
On the daily time frame chart, the priceline of IOTA formed a bullish Cypher pattern. After completing the leg it has moved up, it may give us another chance to catch from this buying zone.
this trade has a big profit possibility of 26%, and the loss possibility is 7 %.
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.
IOTA/USD 2nd correction leg now?For sake of harmony a 2nd correction leg might pop in now. Just an idea, no financial advice!
IOATA Trying To Gain Bullish MomentumIOATA has been in accumulation after its run up. On 4 Hour, MACD is is trying to cross bullish and all indicators are pointing bullish momentum.
IOTA target 1.5Following 4h chart.
Following cup & handle formation
We hit the target point in the previous analysis.
Now this time cup target, 1.5
SL 1.025, I know this is not a good ratio but I have to warn about the risk.
Please leave comment if you join.
IOTA - broke the pattern, is about to have a strong uptrend.IOTA - broke the pattern, is about to have a strong uptrend.
We can now buy, and expect to increase in the future.
Good luck!
#IOTA #MIOTA possible targets for 2021#IOTA possible targets for 2021
TARGET1: 2.4$
TARGET2: 5.6$
TARGET3: 11.5$
TARGET4: 21$
STOP LOSS:
IOTA/BTC 1d - 07/03/2021 - Elliott waves analysisElliott wave 5 incoming, main target at 1 fib (around 4000 satoshis).
IOTA Buy a break.IOTAUSDT - Intraday - We look to Buy a break of 1.426 (stop at 1.376)
Daily signals are bullish.
Pivot resistance is at 1.410.
A break of bespoke resistance at 1.420, and the move higher is already underway.
We look for gains to be extended today.
Short term bias has turned positive.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.567 and 1.662
Resistance: 1.420 / 1.470 / 1.500
Support: 1.340 / 1.280 / 1.200
