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Iotaforecast

$IOTA #IOTA - FLAGS - third HUGE flag in a row??? 4th next??Hello Lads and Ladies, Today we are taking a look at IOTABTC - the 9th most capitalised coin in the whole market. We are going to look at the very interesting structure and the possibilities we have now with IOTABTC. First of all, we are seeing a very huge push from 14000 satoshi to 24000 satoshi about two months ago. After this push a very interesting and predictable structure has started. Fibonacci retracement lines are as well very well respected. So, here is what happened and what we see. A push starts and forms a double top at its top, in the second step it basically crashes straight down, forms a double bottom at the bottom and starts a new very strong push again, where at that top it forms a double top again and after doing that it crashes again. We have already seen that 3 times and the big question is how many more times is that going to happen again? I have to add a very strange fact that I recognise in the IOTABTC chart. If you take a very close look, you can see that the first double bottom was exactly at the 50% fibs line, the second was exactly at the 61.8% fibs line, the THIRD one seems to be forming at the 78.6% fibs line - based on that, are we going to see the fourth double bottom at the 100% fibs line? The same decrease is also seen with the double tops. The second double top was formed at a very strong resistance and support line of IOTABTC above 0% fibs line, so if you inverse it to would be the 23.2% fibs line, the third double top has been formed at the 0% fibs line, so based on that decrease are we going to see the next double top being formed at 23.6%?? I strongly believe that we are going to see a double bottom formed on the 78.6% and then see a huge push again. Nevertheless, I do not believe that we are going to see a fourth flag forming by following the same rules as sated before. This would be TOO predictable and this normally does not happen. I would still keep this possible structure in mind just watch the chart what it does and where we are heading to. I am actually more seeing this decreasing double top resistance being broken and the push continuing towards 26000 or even 28000 satoshi. ANYHOW, I will first watch IOTABTC very closely and look for the double bottom. This double bottom might be very narrow, because the double top was very narrow as well and there is not a lot of space left between the current position and the blue dotted flag resistance. It seems like we have touched very shortly the 78.6% fibs line and going up, taking a look at RSI, we should go up to about 50 points, fall down below 35 points and then start the push. Again, this might happen very quick. If you are not into watching the chart the whole time and believe in this structure repeating jus put a buy order at 17300 and chill. Should this structure actually happen agin towards the anticipated resistance, then that would be around 40% gains within this week. Nevertheless, this might be nothing and we are going to move sideways or head even more down - you should always keep that in mind, that big negative days are actually a thing in this market. But then speaking of the market, like we have seen not only one bloodbath day, so we will most likely see not only one day where all coins just go straight up within a few hours. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
4
IOTA READY TO BREAK OUT OF THIS PATTERN? - CryptoManiac101IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break. Recommendation Investors looking for safe entry, wait for firm break, then do tight Stop Loss. Current investors should set SL at rising line with rebuy order at demand zone thereafter. Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL. We are neutral on this trade until Bitcoin goes into recovery. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
1
IOTA:USD - bullish momentum building, will it last?TL:DR Bullish momentum developing on the eve of 'Q' announcement, if it lives up to its billing then I expect a break of $2 all the way up to $2.50+. Underwhelming news could see us back at $1.50 This is the Iota:USD chart with 1D candles. Here is what I said last update "HOWEVER, this chart doesn't show me strength and, unless there is some legitimate good news to increase adoption, I expect we actually move lower toward $1.36." Well price bottomed at $1.34 before reversing on good news. I also discussed in my last update m frustration with their horrible wallet and how it has greatly held the coin back. Since then they have released the Beta version of their sparkling Trinity Wallet which by all accounts is a raging success. With the release we have seen a steady price increase with it currently up 35% from its low 5 days ago. The chart to me shows signs of bullishness however there are 2 major hurdles in the way. The first hurdle is the downward trendline going back 6 months that I suspect will give strong resistance right at the $2.00 area. After this I expect resistance around the $2.50 - $2.57 area. If these two prices can be cleared then we may see major price action to the upside. Now, if price cannot break through the $2.00 mark then I would expect a retest of the $1.50 which has acted as a very strong support. At the moment I believe it would take a Crypto-wide downturn to see Iota break much below the $1.50 mark. One concern I have is that what we are seeing is a "buy the rumor" situation as we near the supposed announcement of "Q" on June 3rd or 6th. The Iota community has been abuzz about Q for at least 6 months and has been a major reason why many have held onto the token. If anything goes wrong with the Q announcement we could see a retrace to $1.50. What could go? A delay, an underwhelming announcement, or simply a "sell the news" type reaction. Time will tell... Fundamentally I am most excited about Ether and Iota and am long term bullish on these two projects. Iota appears to be actively working out its problems related to (1) its wallet (2) horizontal scalability. They also continue to make inroads with large automobile and IoT companies which will hopefully become the backbone of a robust, high speed Tangle. Is the market down from its all-time-high? Yes, Iota is currently down 67% from ATH. To me this is the time to accumulate, just like 2009 was the time to scoop up cheap stocks, now is the time to scoop up cheap coins. The bear market will come to an end and i want to be well positioned. ***This is not investing advice. I am not an investing professional. Do not invest more than you can afford to lose. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
BITFINEX:IOTUSD
by ruud_one
1
IOTA: WALLET RELEASE & UN COLLABORATION - PROFIT = 18.86% !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 29th of May 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 18.86% PROFIT!!! IN 24 HOURS!!! The increase in price may also be explained by positive developments including: April 20: Fujitsu is set to introduce IOTA at the Hannover Messe trade fair in Germany this month. A Fujitsu Full Node that is connected to the first K5 Enterprise IOTA full node will be unveiled at the event. April 20: The IOTA Foundation (IOTA) and InnoEnergy Scandinavia (InnoEnergy) signed a Memorandum of Understanding coming into effect this month. The two parties will collaborate on the development of smart community solutions and business model innovation April 21: Fujitsu full node demonstrated at Hannover Messe trade fair in Germany. This allows for machine to machine payments and secure component tracking between robots. April 30: IOTA Snapshot outline. This aims to reduce the size it takes for nodes to save the entire Tangle (to disk). May 1: IOTA Ecosystem website is released. This includes an IOTA Development Fund that provides financial support to developers who make use of the IOTA platform. May 2: IOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW , Ford, General Motors, ZF, and other mobility and Distributed Ledger Technology (DLT) leaders to form a new mobility industry consortium fostering joint development of DLT standards, pilot projects, and open source software tools. May 2 : Forbes publishes article on IOTA's price rise. May 3: IOTA Foundation is excited and proud to start the official unveiling of Qubic May 3: Huobi to list IOTA. (NEW) May 17 : Kontakt.io, the leading IoT (Internet of Things) location platform provider, announces collaboration with the IOTA Foundationt. Kontakt.io aims to integrate IOTA’sdistributed ledger technology with Kontakt.io’s location platform. The integration will enable tamper-proof and chargeable readings of smart sensor data. This will equip healthcare operators and supply chain firms which monitor environmental conditions for compliance reasons with fully transparent ways for storing and reporting on telemetry data. (NEW) May 23 : IOTA announces collaboration with the UN. The UN believes that IOTA’s distributed ledger can provide a greater level of efficiency in the management and tracking of UN documents, supply chains and transactional payments in real-time, with access available to both UNOPS and its partners. (NEW) May 30: IOTA announces the release of it's Trinity Wallet for IOS and Android. The general uptrend in the crypto markets as well as the positive developments outline above. ***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
by CryptoTradeSignals
3
IOTA less scary chart ;-) My last chart for IOTA hasn´t been very kind to the token. It showed a harmful correction to a level at 0.37$ - what is still possible - who knows the future? In this chart I combined the chart patterns with the EW, even when some are telling me that EW is "rubbish". First we see a long negative trend channel, beginning at ATH and ending at the last low. It has been broken two to three times on the lower limit but not one time on the upper limit. We can consider this channel as very strong. Within this strong channel we can find a possible EW- correction. Yes, retrospective it is more easy to find this. At 0.91$ the trend turned to be positive, with IOTA entering a new trend channel. Also this trend was quite stable till IOTA reached the last high at ~ 2.40$. I drew a new and motive 12345 EW in this channel. After passing the high IOTA turned and became negative - comparable to the other altcoins and Bitcoin. As I´ve shown the token shows quite stable trends, normally it stays within a forming trend channel. So I´ve drawn a new negative trend channel and tried to find a possible EW-corrective wave within - this time not only retrospective but also projective. Actually there are tow possibilities in my opinion. scenario a) IOTA breaks through the upper limit of the trend channel to leave it and to enter a positive trend. In this case we would have a ABC-correction - not a ABCDE one. And IOTA would rise to ~2,28$ and in the long run to prices above 3.71$ scenario b) IOTA rebounds at the limit and falls back into the channel. In this case it would head to lower prices at about 1.45$ - if this support wouldn´t be strong enough the next supports are following (see orange lines). RSI is in bearish zone but will it break the trend line to generate a positive sign? MACD is also bearish but not far away from neutral, so it could change everytime. In the long run I expect higher prices as shown with the black arrow unless we get no negative news from the market or the foundation.
BITFINEX:IOTUSD
by Luettis
2
IOTA/USD Cann Still See More DownsideHello Traders, In this analysis, I am looking at IOTAUSD. This crypto is also correcting the move lower. It has already lost more than -40% of its value. Like always, cryptos are very volatile as you can see and having the right risk management is key to survive in this market. Anyway, with the new low and trendline break, I am expecting more downside to follow to the areas mentioned in the chart above. At some time when the crypto reached that area, I am looking for a bigger correction to the upside to at least to the trendline (drawn in the chart) Invalidation level for this view will be the low at 0.9058. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:IOTUSDShort
by TradeFxTrends
8