Iotaanalysis
Alikze → #IOTA | Forming a bullish flag patternIn the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the specified targets.
🟩Sup: 0.19 ~ 0.1963
⛳️Tp 1:0.293
⛳️ Tp2 : 0.39
⛳️ Tp2 : 0.44
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#IOTAIn the H4 period, it is moving in a medium-term ascending channel, which is moving in a short-term descending channel with the formation of two lower ceilings. If the red box area does not break, the correction can continue until the specified areas. The current structure is corrective in the lower time frame and this upward corrective movement can be a pullback to the broken structure.
#IOTA is Solid, Adds 20% as Prices Recover from $0.24Past Performance of IOTA
IOTA prices are relatively solid at press time. Although there were hints of weaknesses on September 25, the recovery earlier today has been nothing short of stellar. The bounce means the coin is in a bullish trajectory following the complete reversal of yesterday's losses. As an illustration, it is up roughly 20 percent from last week's lows, anchoring its leg up at around $0.24.
#IOTA Technical Analysis
From the daily chart, IOTA is firm and price action is bullish. The immediate support is at $0.24 while resistance is around $0.36, or August 2022 highs. Notably, prices have broken out from a descending channel following today's bullish engulfing bar. Therefore, buyers have the upper hand from an effort versus result perspective. Subsequently, buyers can ramp up on dips targeting $0.36 or August 2022 highs in the short term. This preview will continue to hold as long as prices are trading above $0.24—last week's lows and, for cautious traders, above today's lows at $0.27.
What to Expect from #IOTA?
Traders are bullish, and buyers have succeeded in soaking in intense selling pressure. Since prices have broken above the descending channel, IOTA is recovering as the coin bottoms up after sharp losses over the last nine months.
Resistance level to watch out for: $0.36
Support level to watch out for: $0.24
Disclaimer: Opinions expressed are not investment advice. Do your research.
#IOTA Upsides Limited, Resistance at $0.32 Past Performance of IOTA
IOTA prices are printing lower lows, dropping two percent in the last 24 hours. Technically, there are hints of strength following gains from June 20. However, the cool-off from last weekend, an indefinite trend, and shrinking trading volumes point to market uncertainty. At spot rates, IOTA remains under pressure in a broader bear breakout pattern.
#IOTA Technical Analysis
Despite optimistic buyers, IOTA is still bearish. After rising 33 percent from 2022 lows, buyers are yet to breach the 20-day moving average—a dynamic resistance level. Besides, IOTA pieces are rebounding from the 61.8 percent Fibonacci retracement level of the June 1 to 18 trade zone. In the days ahead, buyers can wait for the reversal of June 26 losses above $0.32 to load, targeting $0.38. If not, further confirmation of the weekend's losses may force IOTA lower towards $0.23 in a bear breakout continuation pattern.
What to Expect from #IOTA?
The failure of IOTA bulls to break above the middle BB and $0.32 questions the strength of the uptrend. As such, further losses to mirror losses of June 26 below $0.27 could trigger more sell-offs.
R esistance level to watch out for: $0.32
Support level to watch out for: $0.27
Disclaimer: Opinions expressed are not investment advice. Do your research.
IOTA Breaking From a Bear Flag, Bulls Targeting $0.39Past Performance of IOTA
There are signals of strength for IOTA in the daily chart. At spot rates, the coin is up eight percent versus the USDT. This is positive for optimistic buyers following the correction on June 1. Further gains reversing losses of mid this week would complete a bullish breakout above the multi-week resistance line marked by the Middle BB.
#IOTA Technical Analysis
Technically, IOTA prices are solid, and bulls are confident. The immediate support line is at $0.33, while a close above $0.36 and the middle BB may initiate more accumulation in the short term. Ideally, the immediate target for optimistic IOTA buyers stands at $0.39 or May 9 highs. However, if there are gains above $0.36, traders may begin loading, expecting more gains above the current bear flag. On the flip side, deeper losses below $0.33 may force IOTA to $0.30—or lower.
What to Expect from #IOTA?
Despite the optimism, IOTA prices are consolidating. IOTA bulls are resilient and prices are trending at this week’s highs. Further gains above the bear flag may be the basis for another leg up in a recovery.
Resistance level to watch out for: $0.36
Support level to watch out for: $0.33
Disclaimer: Opinions expressed are not investment advice. Do your research.
IOTA: Play Up!“Play up!“, we want to shout at IOTA because it is high time for the altcoin to show some upwards movement. In the process, IOTA should at least make it above the resistance at $1.0550 to indicate further ascent. Meanwhile, IOTA could also finish wave ii in magenta a bit deeper in the magenta zone between $0.36343 and $0.06007 first, though it has to be careful not to break through its bottom.
IOTA fundamental priceBINANCE:IOTAUSDT
IOTA definitely good project for long term, but just be careful now with any long positions cuz we can see squeeze down to test fundamental price around 0.62$
The good signs is we don't touch the bottom on RSI so we are still in neutral zone, and don't see the volume on chart from sellers
Also on daily RSI we can see pump and extremely important to break in out previews high on RSI, if not we will see perfect divergence.
Now we are trade under downtrend line FIB since May 2021
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IOTA NEAR FUTURE ANALYSIS (4H CHART)Technical Analysis Summary
IOTA /USDT
TREND ANALYSIS
We have 3 Downtrend in red color (LONG TERM AND 2 INTERNAL )
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
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IOTA: Correcto Mundo! 🤠🤠🤠After completing the predicted 5-step formation, we are now all set to continue the correction and approach the green area. Here, the next low point should be established and with it the foundation for new increases. After the low, we expect the price tp surge past $2. A premature increase is only given a probability of 28%.
Push, push!
IOTA USDT Below the red line can be considered as the stop loss zone.
Above the green zone can be considered as entry level.
The depth of the head has not been exceeded yet
We can think of it as Double Head and Shoulders. We can also assume the appearance of a descending wedge that includes them all.
If the formation does not mislead us, you can set the TP targets for yourself. I preferred to put a close stop loss. Maybe it will give more buying opportunities. But you may want to set your own strategy. I just wanted to reveal the chart and patterns.
Note: This is not investment advice.
Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD 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 43.
Take Profits:
TP1= @ 0.2570
TP2= @ 0.3675
TP3= @ 0.5532
SL= Break below S2
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
IOTA Price Analysis: Market Outlook for the Rest of 2018The 6 hour time frame is investigated in today’s Iota price analysis. Switching from an arithmetic scale to a logarithmic scale helps to make chart patterns clearer, which is also the case for IOTA.
Over 12 months of price action is captured in this analysis using a bearish price channel. The main bearish channel (upper green line and blue dotted line) even though tentative does provide context also for the price action of IOTA.
An inner bearish channel is also shown (with blue parallel lines), and is acceptable as chart patterns can nest inside one another. Physical measurements and/or projections based on the width of the inner channel are best carried out on an arithmetic scale, making the width useful as the minimum distance expected for price of IOTA to target upon upside or downside breakout from the inner channel.
Between Resistance and Support levels. More downside to comeIOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.