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IOTA - a little chance for another 400% price increase The IOTA price is coming up again and currently being traded at around 1.10USD/MIOTA. Many were calling for the start of a new bear market due to the recent price drop. However, even the drop to 0.57 USD is quite insignificant when looking at the larger picture. At the current new bottom at 0.57 USD IOTA still traded at a 1000% higher price than one and a half years ago. Looking at technicals such as MACD and assuming we have the new bottom in, a bull flag could play out leading to a much higher price if we break-out to the upside in the coming months. Volume on the weekly is much more in the favor of the bulls. +400% seems surprisingly optimistic, but one should never underestimate momentum and many bears have been proven wrong in the recent past. Therefore, let's put a bullish prediction on the table: 6 USD in a bit less than one year This is not financial advice. Happy trading!
Long
by UnknownUnicorn3707027
2
IOTA (MIOTA) - August 12Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (IOTAUSD 1W Chart) If the price is maintained above the 0.57391761-0.70752520 range, we expect the uptrend to continue. (1D chart) We need to see if we can continue the uptrend by moving above the 1.07896204-1.20630784 section. If it goes down, you should check to see if it finds support in the 0.7275250-0.79672550 zone. If the volume profile section formed in the section 2.33397396-2.48227711 is upwardly broken, it is expected to create a new wave. ------------------------------------- (IOTABTC 1W chart) The 6200 Satoshi branch is the bottom section and is a mid- to long-term investment area. (1D chart) If the price is maintained in the 2061 satoshi-2646 satoshi range, it is expected to turn into an upward trend. If it goes down, we should see if there is support in the 1768 satoshi-2061 satoshi range. To accelerate the uptrend, it must rise above the 3231 satoshi-3524 satoshi range. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:IOTAUSD
by readCrypto