Iotausd
iota/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
I have been getting a lot of questions on "time" and I can't predict the future so I can't give you a time... Ain't nobody here charting with a crystal ball. Here is an example of Elliot wave price predictions. The timing that I want is within the white wave, but I can't predict the future lol nor can I call the top or bottom. I am using the general rules of elliot wave theory to try and give you an accurate price prediction. The red wave being the fastest wave, blue wave being the middle, the white wave is my prediction and the purple wave is also possible, lagging behind my prediction. With that being said, the wave count on any of these is possible. The purpose of elliot waves is to give you a general idea of price action so you can time your entry and exits. Any of these wave counts can go a bit higher or lower as no one have a crystal ball and this is just a general idea of price action movement.
IOTA LOOKING BULLISH! READY TO BROKE OUT AND FLY?IOTA has a strong resistance on daily timeframe from APRIL and a new resistance formed from SEP, however, smaller tfs on IOTA are turning bullish, looks like IOTA is getting ready to breakout of this month old resistance. The recent crash helped IOTA forming up the right shoulder.
- Inv H&S on 4hr timeframe.
- 200 EMA support is there just below the price candles on 4hr and daily tf, so less risky.
- Falling wedge on 4hr.
- Support is becoming stronger and resistance is getting weaker.
💡İOTABTC ANALYSIS💡Hello Friends
graph four-hour te viewed our bats Formation Boge ( Bullish Bat ) formation present
Volume momentum is coming from Processing Input too risky .risk manage my money is very important in this key process.
There are technical levels on the chart.
Tp1:0.00003200
Tp2:0.00003709
Tp3:0.00004185 trade
entry level :0.00002584 At the close of the 4-hour candle,
stoplos:0.00002014 I keep the level away from my own money management
. You can pull it close . IT IS NOT INVESTMENT ADVICE.
If you are using the analysis, do not forget to like and follow,
if there is something wrong with the formation, you can warn
Educational purposes
bat Formation Boge ( Bullish Bat )
Rules:
X / EU = 0.382 and 0.50 in
the EU / CD = 0.382 and between 0.886
BC / CD = 1,618 with between 2,618
XA / CD = 0.886
IOT/USD approaches potential resistance at 1.44
If you missed the original run from 1.20 and the break out at 1.33, then there might be an opportunity to get in if the price pulls back to current support estimates at 1.38, 1.33, and 1.27.
The current trend looks very strong to the upside; however, we all know there is always a pullback in an uptrend, which could be an opportunity to get in.
Cup and handle on the weeklyA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
IOTA - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
IOTA is overall bullish trading inside the orange channel so we will be looking for buy setups as it is sitting around the lower orange trendline.
on H4: IOTA is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, IOTA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
IOTA to 2.38?IOTA broke up this triangle 📐 and I think there is chance for run to 2.38 and even higher. Just bought at 1.63.
ENTRY : below local high @ 1.663
SL : local low @ 1.47
TARGET : height of the triangle projected from midpoint of the local range (LOCAL HIGH - SL) @ 2.38
RRR : 4.6
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
IOTA - beautiful Cup & Handle pattern on the monthly chartA clean chart on the possibility of a Cup & Handle pattern, that could easily catapult Iota to > 6 USD from a technical perspective. A bullish wedge is supporting an upcoming bullish move while volume is dominated strongly by bulls on the Binance chart. I am aware that on some exchanges, Iota hit a much higher ATH, but this could be insignificant on the larger picture.
This is not financial advice. Happy trading!