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IOTA - pennant formation leading to 3.2 USD?Technical: Iota is forming a pennant clearly visible on the 4-hour chart. This indicates in most cases a continuation move which could lead us to 3.2 USD. It may seem irrational, but taking into consideration what happened during the last weeks I think it is possible. MA-120 and MA-250 are providing great support. I would only reject this hypothesis, if we break through the MA-250 and close below. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
1
IOTA (MIOTA) - April 19Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (IOTAUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 2.18657391-2.41735783 section. If you go down at 2.03351702, you need a short stop loss. However, it may rise along the uptrend line, so careful trading is necessary. It remains to be seen if the uptrend can continue, breaking above the critical point of 2.49603989. The next volatility period is around April 23rd. ----------------------------------- (IOTABTC 1D chart) We must see if we can rise above the 4221 Satoshi point and gain support. If it falls, it remains to be seen if it can gain support at the 3555 Satoshi spot and move up along the uptrend line. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:IOTAUSD
by readCrypto
1
IOTAUSD WYCKOFF Analysis - Bullish - #IOTAA combination of Wyckoff Analysis and 'off-chart' Upcoming IOTA updates/upgrades/news We noticed IOTA going through an Accumulation phase from August 2018 until February 2021 when it then exited to enter the 'Re-accumulation/Preliminary Supply (PSY)' phase. There is still no sign that IOTA has reached Phase A of Distribution so this shows that IOTA still has alot of room to grow. IOTA is also corralated with BTC and BTC is also Rising. You can check my Idea on BTC/USD here SUMMARY: 1) According to the WYCKOFF Analysis IOTA exited the accumulation phase and is headed towards Phase A of the Distribution, which means it will grow rapidly from here 2) IOTA is corralated with BTC and BTC is also rising 3) There are many upcoming upgrades/updates on IOTA in the following weeks/months that will create hype and also assist in pushing the price up Overall, I believe IOTA will grow massively in the coming weeks/months Please let me know your comments, Ideas - any feedback will be appreciated ---------- Not a financial advise, this IDEA is only for educational purposes
by hadjithomas
IOTA La Pump de ChrysalisChrysalis is a big upcoming update happening on the 24th of April for IOTA. Likely, the price will push up because of the event and might dump after it goes live, but we'll see about that later. The current formation is known as a leading diagonal, which is a short-term bearish pattern, with a longer-term bullish outlay. This means that price dips 5 - 30% first, before initiating wave 3 of the 5-wave cycle from Elliot waves. The dip may have already happened or not, just don't set your stop loss too tight or you get left out (my stop loss is at 1.10). Targets 1. the first target is the first resistance formed around 2018 when IOTA started a huge dump, which is around 2.75 USD. check the BFX chart for IOTUSD to see this data. 2. the second target is the 1.618 extension of the current leg, which is somewhere around 3. 3. the last target is the ATH that IOTA reached somewhere around 2018, which is around 6. Also, check this on Bitfinex data. Good luck traders and please don't over-leverage like I just did.
Long
by RegideTrader
2
IOTA (MIOTA) - April 8 Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- You should watch for any movement that deviates from the 1.4942213-1.84039802 section. In particular, it remains to be seen if it can gain support at 1.55251884 and climb along the uptrend line. We have to see if we can get support by climbing to the 1.84039802-1.95578998 range. If you fall from the 1.49422213 point, you need a short stop loss. However, you need to trade carefully as you can touch the 1.29319710 point or the uptrend line and move up. If it falls in the 1.03265428-1.14804624 interval, a Stop Loss is required to preserve profit and loss. If the CCI line falls below 100 on the CCI-RC indicator, there may be volatility and you need to trade carefully. It remains to be seen if the CCI line can break above the EMA line and continue the uptrend. ------------------------------------- (IOTABTC 1D chart) 2889 Satoshi-3555 We must watch for any movement that deviates from the Satoshi section. If it falls, we need to make sure we get support in the 2667 Satoshi-2889 Satoshi section. If you fall at 2566 Satoshi, you need a short stop loss. If it falls at 2222 Satoshi, Stop Loss is needed to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 published by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 trading 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:IOTAUSD
by readCrypto
IOTA/USDT expected bullish movement!Hi every One IOTA / TETHERUS IOTA/USDT has been in an ascending triangle but now the break out has happened and the expected projected price movement will be as much as the measured price movement (AB=CD) . Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
40
I oughta row, row, row IOTA here.... Break through... PLEASEMaybe the latest news will spurn some life into this floating boat and push us out of this boring little boat we are trending in. There is a small MACD confluence accompanied by a minor uptick in volume and a stochastic uptrend. Does that mean I can jump ship or ride her to paradise island. Look for a little pop... just a wee bit more confirmation and maybe she's heading on up to the EAST side. Probably to join a street gang. Here's a quote from IOTA about nine hours ago. #IOTAQuicktakes - Let's start the week with the latest #IOTA news? The IOTA #token officially on #BinanceSmartChain, the new #Pollen upgrade with #mana being used by #FPC #autopeering, the IOTA #CaWEndar and more. youtu.be
by Ifyouonlyknew
1