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Iotabtc

IOTA breaks key supportAs we correctly predicted on July 2, the IOTA performed a perfect re-test pattern and continued its downside move. The coin first moved out of the wedge and pushed higher after the consolidation move. Then it raced to the key horizontal resistance line, previous support, peaked above the resistance line two times before rotating back lower as it was unable to close above the resistance line. Usually, when you test support/resistance two times and the result is a failure, a strong move accompanies the following price action. The price then pushed lower in the first wave, created a minor correction, and then went almost vertically down to the key support zone around 0.0001300, the line that provided support to the coin two times in the past. IOTA again reacted from this level and bounced but the bearish force is too strong at the moment and we saw brake of the support and a close well below it. In the same manner, we expect the coin to consolidate below then return higher to re-test the previous support. Given how strong support acted before, it is to be expected that the coin will fail and rotate back lower.
by WhaleAgents
$IOTA/BTC ~ Bouncing off long term support.After $IOTA released their marketing video today, I wanted to see the cross reference between the fundamentals and technical analysis for a coin thats usually so quiet. And, as you can see they've timed this video nicely to support the technical analysis crucial point of bouncing off a long term support. I've personally taken a position in this trade from 0.00013000 with multiple entries all the way up to 0.00013500. I believe we'll see a nice uptrend follow from here. My stop loss is in place under the support just in-case Bitcoin's actions cause a sell off. Trade safe. Average in/out. Use stop losses.
Long
by The_Paradoxed_Prophet
IOTABTC opportunity for buy!Hello my Crypto friends! Previous BTCUSD analysis work perfect. Take a look, and hit the like/follow button! Today we are taking a look on IOTABTC, but at 1h timeframe BINANCE:IOTABTC . IOTA broke 1h downtrend and making flag for confirmation. At this timeframe we can see 1h divergence what could be a good sign. So, take that breakout with your own tested strategy and take some profit by moving your stop, because we are still in 4h downtrend. If i see corrective move similar to previous one (in ellipse) then i will expect one more move down, but i will update the charts! REMEMBER: We are only interested in the buy! If you want i will do update on this pair! Don't forget to hit the like/follow button and write comment! So keep an eye on it, be patient & trade with care!
Long
by AntonioM
IOTA - Potential Reversal or Trap?1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area 2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high 3. Symmetrical triangle is being formed indicating a breakout soon 4. Using Tom DeMark Sequential on the weekly chart, last week's candle gave us a TD Red 9, forming a TDST support at $0.93 I believe right now would be a great time to open a long position due to the reasons listed above. Stop loss would be at $0.93 where the TDST support and the Gann Fan intersecting point is also located at. Please note that the TDST support is not considered broken until the weekly candle closes below it, so beware of fake outs.
BITFINEX:IOTUSDLong
by ErnestEA
5
IOTA equilibrium, break coming!Hey guys, after the nice follow through of the Head & Shoulders reversal on the Hourly & 4H since my last idea, IOTA just barely established a 4H Higher Low, in this nice equilibrium we're building: We had $0,93 as previous Higher Low, $1.18 as Lower High, now we have $0,94 as new Higher Low. => A definitive break of this range will be coming, depending on what grandpa Bitcoin does, so keep the big picture in mind if you're trading IOTA, this will be an awesome trading opportunity. I wish you a great weekend still! ;) If you do not want to miss my Daily Crypto Analyses updates, please like & follow me! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
5
IOTA Head & Shoulders reversalHey guys, IOTA, just like brothers ETH and NEO, built a Head & Shoulders reversal, confirming with the break of the neckline at $1.06 It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet. But nevertheless we're in a beautiful equilibrium on the Daily, with our Highs at $1.25, Lows at $0.93, and now Lower Highs at $1.20 => We're now looking to form yet another Higher Low: A break here will be definitive. If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
IOTABTC Waveform SpeculationsMade this for a friend so thought I'd share (not financial advise). IOTA / IOT has formed a pretty convincing bottom which would indicate the beginning of the next wave cycle, though this should be confirmed by trading volume... which at this point hasn't really been confirmed. I'd keep a tight stop loss just below the previous low point as inidicated on the fibbonaci level also. There is clear resistance ahead but if the price can break through this level we could see a bull reversal formation, which would also need to be confirmed by trading volume. If the price does break above this level and hole, then I would consider adjusting the stop loss to the current resistance level in future.
Long
by Biffy
1
IOTA AT $1 NECKLINEHey guys, IOTA, similar to brothers BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at the important 1 Dollar. We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential. => But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out! In the direct correlation of IOTA/BTC, we're still holding important support at .15. If we cannot break to the upside, we're looking at the lows at 0.93 & 0.88, which is a huge support & former resistance area. So, if you wanna play bullish , never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money. If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos ! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
IOTA want to build Smart Cities Coin of the day is IOTA. During the falling market, as always, we revise the bottom coins, which looks like a good opportunity to buy-in on a case of future growth. To recap what is IOTA: David Sonstebo, co-founder of cryptocurrency, states that it was developed to enable the “paradigm shift” to the Internet of Things by establishing a “de facto standardized “Ledger of Everything.” “Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to components of machines, for example, a jet engine of an airplane or the drill of an oil rig. “ – written in Forbs article. Latest news On July 7 IOTA published an article about the partnership with +CityxChange “IOTA to Help Building Smart Cities in Europe “. +CityxChange (positive city exchange) is a smart city project, submitting proposal to receive funding from the European Union’s Horizon 2020 research and innovation programme in the call for the topic ‘Smart cities and communities’. The outcome expected out of this project is that +CityxChange, with the help of IOTA, will create solutions for Positive Energy Blocks leading to Positive Energy Districts and Cities through: decision support tools which, enable informed decisions to be made by all participants in the group or community an attempt at creating a Positive Energy Block through energy reduction and efficiency measures, local renewables, local storage, flexibility and peer-to-peer energy trading top-down community engagement is driven by the local authority and bottom-up citizen engagement to inform, educate and drive behavioral change The project is designed to precisely develop value-added solutions that support duplication in other EU cities as well as exploitation to commercial markets well beyond the project duration. For the next five years, the cities of Trondheim, Limerick, Alba Iulia, Pisek, Sestao, Smolyan, and Voru will test how to become smart positive energy cities, Norwegian University of Science and Technology (NTNU) will be the leader and host of the consortium of +CityxChange along with the Lighthouse Cities Trondheim kommune and Limerick City and County Council. Technicals IOTABTC tried to stop the July fall recently, showing the bottoming pattern above the 0.00015 level and even testing the Bearish Trend Line afterward. But still, negative mood about Bitcoin future and cryptomarkets, regulatory issues in China drags the markets down along with IOTA and everyone else. So, the price went down to the 0.00015 level again and seems to be finding a firm support on this level. From the overall view of the price picture: 0.00013 – 0.00014 zone is the March low and support level for the correction to the 2017 growth. So, if it is meant for IOTA to stay on the market and eventually go up, these levels are a good place to buy. Negative scenario is a breakthrough below the 0.00013 level and further descent.
Long
by DestinationMoonCrypto