IOTA
MIOTA (IOTA) Building Up Momentum, Impulse Possible!IOTABTC (MIOTA) has been green for the past 7 days and recently broke up above EMA50.
This type of bullish action can result in a strong impulse move.
Slow and steady growth is a signal of strength.
On top of this signal, we also have bullish indicators... EMA200 (brown line) can easily be hit next.
Namaste.
💡 Don't miss the great buy opportunity in IOTABNBTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0072). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTA / Binance Coin IOTABNB is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.0118
TP2= @ 0.0148
TP3= @ 0.0180
TP4= @ 0.0222
TP5= @ 0.0272
TP6= @ 0.0326
SL= Break below S2
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💡 Don't miss the great buy opportunity in IOTABNBTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0072). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTA / Binance Coin IOTABNB is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.0118
TP2= @ 0.0148
TP3= @ 0.0180
TP4= @ 0.0222
TP5= @ 0.0272
TP6= @ 0.0326
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
IOTAUSD NEXT TARGET 1.80 dollarIn my last analyse, I said that IOTA will target 5 dollars.
Like you see the left right shoulders is on point and if 1.05 dollars is sustainable then the next resistance is 1.80 dollar.
If it breaks the U-form (6 dollars), i expect 12 dollars on the long term, because they will make their own smart contracts soon.
Like and share if you agree with me.
Perfect Wyckoff accumulation at point of maximum opportunityThe Wyckoff Accumulation theory can be seen in action for IOTA, with the price range having just entered into phase C marking the point of maximum opportunity. Here I break down both the key phases and price levels, and how IOTABTC is so far following this to a tee. Should this play out according to Mr Wyckoff, a potential 400-500% increase should be about to begin.
Phase A
PS - Preliminary Support: following a prolonged downturn buyers step in, indicating that the downward trend may be nearing its end. Further confirmation seen with a volume spike.
SC - Selling Climax: selling pressure climaxes with panicked retail investors absorbed by large scale investors.
AR - Automatic Rally: the initial wave of buying defines the accumulation trading range.
ST - Secondary Test: a bottom is confirmed with a revisit to the SC (with low volume)
Phase B - multiple visits to the ST and AR are seen during this phase as we move within the trading range. Occasionally these may wick outside the trading range to close shorts and longs entered on tight stops.
Phase C
Spring - price moves below the ST (the low of the trading range) for a final shakeout as large investors mislead the public about the future trend of the market, giving them an opportunity to accumulate more at a bargain price.
Test - Large investors test market support at key levels - if a large supply is found the market is likely not ready for a move up. However once good support is found, higher lows will be seen.
Phase D
SOS - Sign of Strength: a strong price increase on high volume.
LPS - Last Point of Support: the low of a pullback after each SOS, as previous resistance becomes support. Despite the name, there can be multiple LPS.
BU/LPS - Back-up: when a new trading range is introduced prior to another substantial move up.
Phase E - price rises up beyond the PS (preliminary support) marking the end of the accumulation phase.
With IOTA currently entering phase C, potentially forming a spring (and with Bitcoin approaching strong resistance on market dominance), this may well represent the point of maximum opportunity - though as ever, ensure to set a stop loss in case the spring has not yet reached its own bottom. Alternatively, keep an eye on IOTABTC and look out for a post-spring test or SOS as further potential entry points. This a long term trade, with the full 450% move to take until early-2022.
Please give me a thumbs up and follow me if you found some value in my analysis - this is the best way you can show support and is very much appreciated.
🆓MIOTA/USDT Analysis (9/2) #IOTA $IOTAIOTA is having a very strong bull run and is heading towards the most important resistance zone at $0.9 because IOTA lost this zone in August 2018. There will be a very strong selling force and could make IOTA's uptrend ends and It will take more time to break through that zone to rise to $1.7-1.8 zone
📅NEWS
👉Mar 31 : Chrysalis 2.0
👉Mar 31 : Firefly Wallet
📈BUY
-Buy: 0.70-0.74$.SL if B
-Buy: 0.90-0.94$.SL if B
📉SELL
-Sell: 0.90-0.94$.SL if A
-Sell: 1.70-1.80$.SL if A
♻️BACK-UP
-Sell: 0.70-0.74$ if B.SL if A
-Buy: 0.54-0.58$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
5G technology will bring IOTA to the moon by July 2021After the Pandemic, it is the rise of the world with 5G technology, which facilitates the internet of things and makes it practical. IOTA is the coin for the internet of things and if you know how it works, then you will realize how 5G can boost its price. IOTA will be among the top 10 coins by July 2021.