Iotabtc
IOTABTC | Skyrocket is ready for a tripAt 2H timeframe we see a low risk and high potential entry for IOTABTC position.
There is a channels breakout intersection with a very strong bullish signals according to RSI bands and Stoch Relative strength oversold status. Volatility increases while momentum grows which indicates the beginning of a sharp uptrend.
In case it happens we will have a completed Inverse Head and Shoulders pattern on a macro downtrend which will act like a trend shit pivot point
Premium signals is already in the channel
IOTA/BTC trading updateHello trader,
This is an update of our analyses on IOTA/BTC, we see the green box as a buying area, now the price just reverted on important support level and is showing us a bullish momentum, our objective is the next important Resistance.
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IOTA/BTC TA Update (potential 40% bounce?)IOTA/BTC
IOTA is back from the previous swing low at 2200 sats area and currently forming a bullish descending channel.
IOTA must hold this support zone in the coming few days because if it does,
we will have higher chances of breaking to the upside provided the market also cool-down from uncertainty.
IOTA extinction I look at the chart and what I see? An exponentially decaying price, down 97.5% of its ATH. I pity the poor souls who bought the top.
What else? It fell under its bottom longterm trendline and now it is just testing it. My god this coin is so dead, I won't be surprised if they shut down its network tomorrow...oh wait.
IOTA - Capitulation or Dead Cat Bounce?Upon the collapse of BTCUSD from $8000 all the way down to $3.5k, IOTABTC almost broke its critical daily support at 0.00002100 BTC but managed to bounce back forming a V-shape capitulation bounce on the 1h timeframe. This strong V-shape bounce on the 1h timeframe is bullish in the way that it managed to close the 1D candle above the daily support showing us that there are indeed buyers here despite the fear.
TD 9 is also formed on the 1D as well as the 3D chart indicating a buy signal here. Whether IOTABTC and other alts will go up in the future really depends on BTCUSD at the moment, but as of now, I think this is a great spot to buy offering a great risk to reward ratio.
Don't miss the great buy opportunity in IOTABTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in a range bound and the beginning of uptrend is expected.
. While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.0000262
TP2= @ 0.0000310
TP3= @ 0.0000400
SL= Break below S2
Don't miss the great buy opportunity in IOTABTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in a range bound and the beginning of uptrend is expected.
. While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.0000262
TP2= @ 0.0000310
TP3= @ 0.0000400
SL= Break below S2
IOTA Accumulation channel Triple bottom U-turn Potential 60-120%IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom . If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this local work is from + 60-120%.
Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
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