IOTA
Monthly support!IOTA has seen little buying power over the past week, which has caused the currency to break its monthly support in the $0.226-$0.260 range. Now this area has become a serious resistance. Also, the support that was considered in the range of 0.195 to 0.180 dollars has been associated with a positive reaction. Considering the low volume of transactions, we cannot expect an upward trend yet.
The price of this currency can have a range trend for some time between the specified levels. Also, the range is completely clear in the 4-hour time frame of this trend. Therefore, the price should return above the $0.26 level for the trend to be bullish again. The nearest minor resistance is in the range of $0.237-$0.247, and hitting this range could be accompanied by a reaction. As you can see, the bearish trend is going on inside a bearish channel, and to get bullish, it is necessary to break the channel's midline and the mentioned resistances.
BTC - Fear is stronger than greedJust having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge (bearish pattern) and sudden, rapid move to the downside. If current target won't hold, $20k will turn into resistance. For now if this isn't a fakeout (also possible), we are looking at sub 20k as target zone for BTC within the next 3-4 weeks. This move could be accelerated (affected) by external factors.
IOTA USDT LONG SWING | IOTAUSDT | LONG @ 0.25 - 0.26 | TP @ 0.262, 0.264, 0.266, 0.268, 0.27 | SL @ 0.24 | PATTERN = THREE WHITE SOLDIERS | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:IOTAUSDT BINANCE:IOTAUSDTPERP BINANCE:IOTAUSD BINANCE:IOTABUSD BYBIT:IOTAUSDT KUCOIN:IOTAUSDT
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap.
IOTA Stochastic Indicator
A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months.
Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap.
2018 Bear Market Comparison
If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak.
After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode.
If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
Strong chance of new trendSufficient compression across all timeframes to allow for an upward move with minimal resistance. Confirmation on lower timeframes as a new expansion pushing past previous compressed periods with a resulting pivot point of 1h 300 period 1.25 standard deviation. Provided price stays above said pivot, trend should sustain indefinitely. The moment that pivot breaks, trend will end.
As trend duration is indefinite, no targets provided as price will continue upward so long as pivot holds. When the pivot does break, price will mean revert down to the 1h 300 MA.
Everything on this chart is just a different representation of a bollinger band. Most metrics are defined based on relative width of the distribution rather than the current deviation itself.
OTAUSDT |Does this look like a reversal?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I want to say a little about the IOTA coin, I think this coin in the long term can look good in your investment portfolio.
As long as we see a small reversal on the weekly chart, the price starts to move out of the monthly flat trend a little, there is a chance that this will be a global reversal!
The idea is only suitable for spot trading
IOTA: Little By Little 🤏Little by little, IOTA is moving upwards with baby steps and seems to be willing to leave the magenta-colored zone between $0.06007 and $0.3634. Although there still is a chance that IOTA could develop a new low deeper in the magenta-colored zone, it would be well advised to not get too close to the resistance at $0.0600, as falling below this mark would bode ill for the altcoin. Instead, IOTA should rather continue to rise and climb above the resistance at $1.0550, which would provide a good basis for further ascent.
IOTA getting ready for another pumpFundamentally the project is going great, releasing a lot of new features and running Shimmer as expected to release it as IOTA 2.0.
So it's discounted by the market cycles. Like on January, we have gone under the "normal" BTC correlation, so a shot up in this correlation giving the fundamentals is a quite attracting possibility. 0.00002 is the first target, followed by 0.000025 and 0.00003.
IOTA finally ready to outperform BTC and ETH?#IOTA has been through rough times, most of it fud, some of it undeniable. Updates have been announced for years and delayed and sometimes just canceled.
However, now, finally, there is a clear roadmap. No more announcements about announcements. They have proven it today with the Shimmer and Stardust upgrade. This means IOTA is 1 step closer to total decentralization, more dapps can be built. There is a safety net. Staking, NFTs, DAO and much MUCH more. And all of this is feeless. The metaverse can go nuts with this 1!
Coinmarketcap announced today IOTA is 1rst place in community growth.
So, looking at TA, IOTA has got some resistance ahead. The momentum looks good and perhaps this time the timing as well?
Infinite luck,
Rising Sun