IOTA
IOTA/USDT Getting Prepared to Fly 🚀 🚀 🚀 💡 Trade Idea
📈 Buy Limit IOTA/USDT @ 0.3987
🎯 Target Profit 0.4431
🛑 Stop Loss 0.3839
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a corrective channel before succeeding to break it to the upside. A lower correction is seen to the daily support @ 0.3989 where we have the 61.8% Fibonacci retracement level. Our expectation now is a move upwards to the 0.0444 mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
IOTA/BTC [still bearish :(]Iota, one of the most hyped coins in europe.
The Trend does not show any sign of strength.
THIS does not mean that it will not bounce in future but we have no technical momentum form where we can define our risk and ride a momentum wave.
To trade sth like iota means to pay with big opportunity costs because u miss out on bigger opportunity (other altcoins)
all we can do here is defining the pivotal Support/ressitance level. as soon es price reclaims the range low with confluence of diagonal break we could see a long opportunity to range high at least.
IOTA - Testing Resistance, 50%+ gains in the works!Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line which is also bullish, especially on the daily time frame. Get ready!
IOTAUSDT - INVERSE HEAD AND SHOULDERS PATTERNANALYSIS 🔎
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe.
- This is a trend reversal pattern.
- It is a bullish pattern.
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level.
$IOTA/USDT 1h (Binance Futures) Ascending triangle breakoutMiota broke out of that triangle and is looking ready for a leg up in my opinion.
Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730
Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h