Get started

Iotabtc

IOTA sitting Silent slightly above Demand zone.Hey! I am back with another Technical analysis, this time looking at longer timeframe on IOTA. Informative text. If you are only curious about forecast, go to " Technicals " or " Conclusion" IOTA has tested known demand zone in august and saw relatively quick 70% gain . But this still wasnt enough as Bitcoin was going pretty much sideways, and IOTA and every other coin has to obey and follow . The thing is , if IOTA would breakout and see an 300% gain for example, and be at second ressistance point from above, IOTA would be worth only about 2$ per coin , without Bitcoin showing some green moves. Buyers need to see an good uptrend certainity on Bitcoin for strong altcoins as Ripple, Ethereum and Iota for example to see parabolic or sharp uptrend moves. This doesnt neccesary mean that Bitcoin has to break 20k level or higher for IOTA to see price above 6$ once again, but it would help a lot, all I am saying is that Bitcoin has to leave the demand zone of 5800-6000 area and continue gaining value to show alts their way. If Bitcoin sees another crash to 5800 , alts will follow and very likely to see oversold crash bounce as IOTA seen once. Technicals. IOTA is showing once again that she likes this Demand zone . Unsuccesfu l breakout and downtrend has been formed. After this downtrend is broken I expect to IOTA remain silent for about the same time as Bitcoin or show some sharper moves up when Bitcoin starts to move. Low volume shows that an uptrend is first most likely to happen and after a while IOTA can see another Breakout . MACD is showing clear trend , and its currently uptrending with MACD giving first week buy signal , still unclosed but on a good clear way. RSI shows demand still above 30 even after such sellout, found some support and began uptrending , with ressistance getting close to support, sharp move may be ahead . (15-60% at least). Conclusion. Uptrend or an impulsive move most likely to happen. IOTA has good Fundamentals and there is no reason for IOTA price to not grow . Use the ressistance levels as take profit zones , slightly below ressitance. Thats al l from me, for now. If you agree with this Technical Analysis , consider leaving that " Agree Button " blue , as it leads me to post more similiar Technical Analysis . Thanks for your time and good luck trading!
Long
by TiborVrbovsky
[MIOTABTC] IOTA Hits Bottom Time 4 Up [510% PP]Ranked on CoinMarketCap as one of the cryptocurrency with the biggest market capitalization, MIOTA is sitting at #13 in the Top20. Let's start with the overview of the project. MIOTA (IOTA) Overview What is IOTA? A permissionless distributed ledger for a new economy An Open-Source Distributed Ledger The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines. MIOTA Trade Analysis Let's start today with the daily chart, this is the chart that we will use for this analysis: Our 2017 support has been touched, marked with yellow square... And trading volume had a massive increase after this support was touched, signaling interest for this altcoin at this price. MOITA starts to move. MACD is now trending on the bullish side and RSI is coming out of oversold. We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next. Let's trade. MIOTA Trade Instructions Buy in: 0.0000738 - 0.0000791 Targets for IOTABTC by Alan Masters: (1) 0.0000921 (2) 0.0001061 (3) 0.0001191 (4) 0.0001291 Longer term (1) 0.0000141 (2) 0.0000161 (3) 0.0000181 (4) 0.0000201 (5) 0.0000221 (6) 0.0000261 (7) 0.0000281 (8) 0.0000321 (9) 0.0000411 (10)0.0000471 Stop loss: Close daily candle below 0.0000672 Capital allocation: <10%. WISHING BLESSINGS Wishing you many blessings for today... Namaste.
Long
by AlanSantana
2
IOTA - Large scale potential Hi guys, this is my first IoT trade idea. I would be looking to make a long position as the price has broken above the descending triangle formed in early May 18' and looks as if it is currently re-testing this trend-line. The previous market high was $5.8 - the current price is 94% lower than that at $0.504. This presents a rather lucrative trade. The Internet of Things market is predicted to consist of 26 billion units by 2020 - up from 0.9 billion units in 2009. According to researchers, this would generate 14.4 trillion in value; combination of increased revenues and decreased costs dispersed among companies by 2022. I have not done enough research into this project to have confidence to invest myself or to advise any others to invest, but the sheer numbers of the potential IoT market should be incentive enough to encourage you to have a look into the prospects of this platform. Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade. If you stick by a smart trading plan you can substantially reduce your exposure to losses.
BITFINEX:IOTUSDLong
by StirlingBishop