IOTA Builds Momentum, Additional 44.44%+ PossibleIf IOTABTC continues in the path it is going, we are likely to see prices hit 0.00005698 soon.
The green space on the chart represents our "Decision point", above this level prices for IOTABTC can easily continue higher, but if prices move below this line we can see a drop take place.
This chart is extremely bullish and we have all EMA10s converging and starting to curve up, IOTABTC is already trading above EMA200 challenging EMA300 in grey.
Trading volume is really good and the RSI is strong, we can expect more growth in the weeks to come.
Thanks for reading.
Namaste.
IOTA
IOTUSD Heavy bullish sentimentIOT has broken above the 1D Channel Up that started the strong uptrend early in January.
Levels to watch:
- The price not only crossed above the Channel Up on the 1D chart but also broke the 0.618 Fibonacci retracement level.
- It is comfortably above both the MA50 and MA200 and in fact a Golden Cross may be due.
- The 0.3150 four month Resistance broke.
- The RSI on the highest values since December 2017.
Projection:
- This is a strong bullish signal with IOT potentially turning parabolic here. The targets are the next Fibonacci retracement levels: 0.786 = 0.4200 and 1.000 = 0.5580.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
$IOTA, Flipping resistance into support at ~2700 sats level...$IOTA
Flipping resistance into support at ~2700 sats level...
UCTS Buy signal on the 1D/2D charts
RSI reaching overbought levels
Will like to see volume flowing in again (1D 📉)
If continuation happens (Tight SL due to BTC), then aiming for 3.1k sats 15%+
#IOTA
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR 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 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2215)
Ending of entry zone (0.1895)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2880
TP2= @ 0.3510
TP3= @ 0.4535
TP4= @ 0.5550
TP5= @ 0.7450
TP6= @ 1.1145
TP7= @ 1.4130
TP8= @ 1.7110
TP9= @ 2.1945
TP10= @ 2.6775
TP11= Free
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR 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 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2215)
Ending of entry zone (0.1895)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2880
TP2= @ 0.3510
TP3= @ 0.4535
TP4= @ 0.5550
TP5= @ 0.7450
TP6= @ 1.1145
TP7= @ 1.4130
TP8= @ 1.7110
TP9= @ 2.1945
TP10= @ 2.6775
TP11= Free
Fixing The Supply Variable: DJI/IOTA plusAn updated version of stocks pegged to IOTA which has a fixed supply to eliminate the supply variable when trading. Supply is often changed by the federal reserve policy. Printing money, changing interest rates, etc... This makes it hard to asses the value of the stock market. By fixing supply with IOTA's limited supply pegged against the market. The only variables that must be considered are news and demand which makes analysis work much easier. It is also easier to trade as both IOTA and stocks are likely to appreciate against the inflating USD or other native currencies.
VERY SIMPLE ANALYSIS ON IOTA HEADING TO THE $0.30 LEVEL!Some of us like me have been trading this coin from the $0.157 levels and based on measured move in technical analysis, IOTA is likely to hit a major target and resistance of approximately $0.300 before retracing to test and potentially find support on $0.2201 comfortably.
NOTE - This is a weekly timeframe so it may take a couple of weeks or less to play out.
Please like this post if you find it helpful. Your comments, inputs and thoughts are also welcome :)
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin 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 63.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin 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 63.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free
IOTABTC Making Bullish MovesIOTABTC which is up around 30% so far in January has broken above the 200 day moving average for the first time in 10 months.
The idea of Coordicide is starting to be positively received by the crypto community as more people are understanding the plan and implications.
Has the year of accumulation for Iota come to an end? Maybe..
IOTUSD: SMA200 as Resistance and How to TradeThe price reached another resistance line, and it is SMA200. The price action in this zone will be important for further market movement.
As the market made a good upward movement, a reversal, and a correction after that will be logical. We will be able to get new buy opportunities after the correction, where the best will be based on a reversal from the uptrend line.
The market can try to pass SMA200 and make a new high. But I don't think it will be a good idea to buy following the breakout signal. The reason is, the market looks overbought, and it should correct the previous upward movement. RSI reached the overbought zone. If we talk about buying, we had to open long positions above 0.17 level, but not following a breakout in the overbought market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
UPDATE - Can We Get A Close Above & Find Support on $0.1877?The Bulls couldn't close IOTA above a major resistance of $0.1877. If we find support on the top trendline then there may be a chance to challenge the resistance again and take this coin to $0.22 as the first target. BITCOIN price and the next day candle for IOTA will tell us where this coin is heading. RSI is not overbought which supports upward movement.
IOTA - Can We Get A Close Above & Find Support on $0.1877?I have been following IOTA for weeks now and entered at $0.157. This coin has a high tendency to get to $0.22 as the first target, and $0.3 as a final target before seeing a retracement or if BTC price does not come down because it basically affects altcoins.
What do you think? Your analysis are welcome.