IOTA
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 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
IOTA - next target 2.18 USD (1.62 FIB)Our strong demand zone at 1 - 1.2 USD held while MACD on the daily is about to turn green. Iota is picking up momentum to the upside while the entire crypto market cap is decreasing. Once Bitcoin finds its bottom or bounces back up again, I think FIB 1.62 (2.18 USD) is feasible for Iota within the coming weeks.
The progress of the Iota Ecosystem is astounding. Chrysalis part 2 and Smart Contracts enable endless use-cases combined with a zero-fee environment. 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 pay in the m2m economy.
This is no trading advice.
Good luck!
IOTA Buy a break.IOTAUSDT - Intraday - We look to Buy a break of 1.271 (stop at 1.224)
Daily signals are bullish.
Pivot resistance is at 1.240.
A break of bespoke resistance at 1.260, and the move higher is already underway.
Pivot resistance is at 1.410.
Short term bias has turned positive.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.405 and 1.521
Resistance: 1.260 / 1.300 / 1.400
Support: 1.200 / 1.170 / 1.130
Blueprint BTC/USDThe bottom was December 15, 2018. Just look at the charts. We are in a bull market. BTC market-cap will continue to grow until 1.5 trillion, but dominance will settle down to only 40% - 46%. Any large cap alt coin (XRP, ETH, LTC, IOTA, etc...) stands a chance to temporarily dethrone the Bitcoin, as market-cap will trend towards more even distribution. The flippening, that would be interesting!
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I am not a financial adviser, this is NOT financial advice.