IOTA lets try again. Long 04/13/18It's nice to have BTC moving up again, it seems to have woken everything up. So been looking for some trades and I think IOTA is setting up for one. It might take a day or two to get into position.
Want to look for it to pull back a bit, while the RSI's reset. Look for them to get oversold then start to turn then it will be time to buy. Hopefully somewehere between 165000 and 145000. Can set a SL under the 0.786 fib level. Target of around 240000 (fib levels/previous points) if it got up to them levels it would probably moon past it.
Larger timeframe look.
IOTA vs USD looks bullish too.
Iotabtc
Set up for breakout - EMA Crossing Hello everyone and welcome to this analysis on IOTA: .
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has just crossed the EMA 52 representing a start of a bullish short to mid term trend upward.
RSI under 70 which means the trend trend is not yet set.
MACD is showing a neutral sign on the 4 hr.
Aggressive set up:
Long at market price
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and marlket price.
Conservative set up:
Long at EMA 12
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and SL.
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
IOTA/BTC | SIDEWAY | get more profit in mid-term I think IOTA can sideway withsupport MACD and Triangle Pattern
Buy a fews and hold it
IOTA is good coin in crypto
Buy order : 0.00013000 - 0.00013500
Profit target
(1) 0.00015000
(2) 0.00017200
(3) 0.00019800
(4) 0.00023600
Stoploss : 0.00012700
Good luck Everyone
Thanks
Time for IOTA to wake upI am a firm believer in IOTA. The potential for this coin is tremoundous. Despite the recent news of new members to the foundation, the price isn't budging much. It came close to shooting past the cup and handle formed in December but did not sustain. It also started the long wedge we have now. With no volume support, it could not sustain the pressure and the double bottom failed on Jan 17 and even lower on Feb 6.We are showing consolidation with an increase in volume. Failed to pass the Green trend line at 1.53.Key support is .92 and resistance is 1.25. If we cant hold i would say .75 would be the next support. Stay tuned for more updates.
IOTA is touching the ''Death cross''Looking at the IOTBTC chart, I noticed that the price is under 2 important points of resistance.
- The previous support which acts now as resistance at 0.000159-0.000165
- The Death cross (50MA crossing the 200MA) is just above the resistance
Also I have to mention that I do not trade the death cross sell signals blindly. This time I like very much the fact that the price action is really close to the death cross. There are 2 ways I could enter this trade. First is to enter when I got a new daily low, at 0.000153. The second way is to wait until the price gets near to the 50MA. In this case I got a great risk reward but the chances of being stopped out are more. Last thing, from fundamental perspective I believe that IOTA is still overvalued vs BTC (as most of the altcoins) and there is more downside in the longterm.
IOTA - Purely Technical [Mar2018]INTERPRETATION
BINANCE:IOTABTC was considered an ambitious but promising project upon its initial release but has since lost traction. Within the past few months, similar projects have emerged including the mainstream powerhouse NASDAQ:AMZN showing indications of a similar vision. Furthermore due to simply the nature of the project, apparent advancement will not likely emerge until the more impactful alt coins have been adopted. Despite the decline in value, IOTA continues to stand among the top 10 proving that it is still a promising contender with steadfast investors.
BUY SIGNALS
- Bear Pitchfork resistance
- Price-Cloud bull entry & breakout (circle)
CAUTIONS & CONFIRMATIONS
- Price-T&K status unstable
- upcoming Red Cloud (sell pressure may drive price back down)
- 0.786 Fib resistance to be tested (@ 16900)
- long-term outcome and external variable influence indeterminate
POSITION
Entry is high risk due to lack of stability from initial breakout. Close monitoring and risk/benefit assessment for ideal entry point will vary between investors.
IOTA Death Cross formation - Prepare for price dropIOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average.
Stoch RSI is over-bought on the daily chart which also confirms the possible bear run.
I expect the price to drop till 1.2148 (fib. 0.618)
Here is my trading idea:
Short at: 1.31
Take profit at: 1.21
Stop loss: 1.45
IOTA= bull will come after one more down!Hello friends,
IOTA in the very tight sideways mode.
And it's moving inside the channel.
but the bull will come very soon.
Now I am looking one more downside,
which will give me the better price for buy.
I want to put buy entry on the bottom line.
If the price will break bottom line I will ignore it.
because the downside is limited.
IOTABTC - Breaking the Silence (?)IOTABTC on 4-hr Chart. Just sharing my thoughts on the possible next move....
Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume for buyers to push. As a result the impulse becomes a failure wave frequently by Ending Diagonal and the Elliot Wave count is invalidated causing it instead to become an extended correction usually into a Triangle or Wedge pattern.
Please note : It is now in between the 0.786 and 0.618 so very likely this is still in a corrective move although it appears as an impulse 1st wave at this point in time.
IOTA heading NorthDescreasing selling volumes on the 4H chart... Stoch RSI oversold... MACD is confirming the bullish divegence trend. In the 2H chart IOTA looks good..same characteristics than the higher time frame, but here we are over the Ichimoku Cloud - Lagging Span (2H) out of the Cloud is a bullish signal. All indicators tells me that a wave 2 is starting in the next days.
That thing is ready to roll! Huge upside.
Targets:
0.00018670
0.00021700
0.00023700
IOTA could be potentially ready for a REVERSAL (Part 3)My series on IOTABTC continue here. As predicted in Part 2 (scrolling down the post) after the upside move driven up by Bitcoin yesterday, IOTA move downside aprroaching the Kijun-sen of the Ichimoku Cloud at around 0.00014880;
If IOTA on the 4H chart found support on that yellow line, it can go sideways for a couple of days and then move to the next resistance level at 0.00017000.
All depend on Bitcoin in the next days; If BTC wiil crash, all the other alt coins will follow. Simple.
P.S.: Sorry guys, I have forgot to tell you in previous charts that I'm using the Log scale.
For the Ichimoku Cloud:
set the periods on 20-60-120-30 and you will have a smooth and less confused cloud on chart (follow @crypto_rand on Twitter & @CarpeNoctom on both Twitter and Youtube - the last on his YouTube Channel shows very well how to use the Ichimoku Cloud and other indicators - He has been very useful at least for me).
LINKS:
twitter.com
twitter.com
www.youtube.com