IOTA - fibonacci fan and retracment lines testing.So here I'm trying the fibonacci sequences onto the graph of IOTA. I havn't done that much with the fib tools but after some reading I would like to test this Idea of mine.
The red points should be the points to buy. The retracementpoints will be the test whether it will bounce up as a upwards, or a downward trendline.
The elliot inpulse wave hopefully will be the upwards progression if it bounces up from the 61.8 fib line.
Lets see what it does.
**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
Iotabtc
IOTA - fibonacci fan and retracment lines testing. V02I had to reopload the idea since it somehow still showed the older version. I adjusted the fibonacci fan to a lower point in history.
Here I try to test the growth with the Fibonacci retracment and fan lines.
As you can see there are various point in this graph that match the Fibonacci rules, I want to see wether it will break through these resistance points.
If not it will most likely try the next one in sight. Lets see how this one plays out!
feedback is more then welcome!
**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
IOTA in good trade setup, can it break upside for 80% profit ?BITFINEX:IOTUSD
Friends, The pattern I look at here is symmetrical_triangle
stockcharts.com
The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout.
MACD's trend is up another good sign.
Entry :
1) On the lower of the triangle or
2) Buy now or
3) On the breakout.
Target :
80% or approximately $9.
Stop loss : break below the lower side of the triangle, Exit.
I will keep this thread alive with updates. Post our thoughts, please.
IOTA - wait a little longer UpdateWith a little adjustment I still think its best to wait a little longer. Correction should be done around 0.000261841.
**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
IOTA (MIOTA) Is All The Rage Now (Buy Signal / Breakout)Look at the chart and see if you like this setup.
This is IOTA vs BTC on the 4h Chart.
- Already confirmed a breakout, another close above the "green dotted line" and IOTA can enter some very bullish momentum.
- The MACD is about to crossover.
- Strong 4h green candle according to TD and Candle stick analysis.
- The globalists (Microsoft included) behind MIOTA are meeting tomorrow and every 13 days about this coin. This causes lots of hype and potential price movement.
What's your take?
Do you like this set up?
Trade at your own risk.
This is a only "buy signal" opportunity. If you don't understand, then this is trade is not for you.
Look at it, enjoy it, and try to learn from it.
Cheers.
IOTA Possible Breakout or NotIOTA is possible in a Triangle. It has found massive support on the 3.50$, 3.80$ and 4$ levels. It seems it is consolidating for the moment being. It has reached the 5.15 - 5.35$ level and will get back there soon. If This happens a good chance that it will pump further to the 6$ level. With FOMO taking over it will even rise further. At the moment it is fighting it's way a little bit up. Advised to enter in the 4$ - 4.15$ levels and go LONG from here on out.
IOTA - BTC Futures FUD is Over, To Infinity and Beyond!The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're looking to retest $4.45 again, if we managed to breakout, it is a very bullish signal. We're very likely to go all the way back to $5.15 before bouncing back down.
We have 2 support. A weaker support at $3.75 as seen on 12/8 and 12/10. A super major support at $3.5 as seen on 12/8 and 12/9. We have managed to stay above $3.5 despite all the BTC FUD indicates that $3.5 is a very solid support. If $3.5 support breaks, we're looking to sell everything immediately.
Trade Setup:
- Stop Loss at somewhere around $3.5
- Sell 30% IOTA at $5.15 to secure profit in case we can't break through $5.15 resistance.
- If we manage to break out of $5.5, there's nothing that can stop us. Sell 70% at $5.9
Investors are unsure right now. Decision within the next 5-20h.Investors are unsure about IOTA right now. If the immediate support line at ,000302020 breaks, the price will further drop. Next stop is the uptrend line which forms to a certain degree a big flag including the big surge.
ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not follow red and green stays at its current level, the downtrend is not confirmed. Keep an easy on that. Volume is missing though.
RSI is oversold at 1h and 2h while it shows at the 4h a cool downtrend from being oversold at around 65%.
If bulls do not decide to take over within the next 5 hours, bears will show interest to take over. If so, bulls bought some time until to decide again.
Disclaimer: I’m new to TA and just try to contribute some thoughts. Feedback is more than welcome.
I also would like to clarify that I am into IOTA invested.