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Megalodon Pro Automated Trader - Iota - Short Term Bull Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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January possibilities for IOTA - swing to 0.50IOTA has reached to a key level. It is basically the first time since mid march we have held the price above 55 EMA on a daily chart, which at the moment acts as a nice/strong support line. In order to have a continuing bullish movement, we have to see if IOTA can get a nice bounce upwards from the 55 EMA (from 0.35). That would confirm the golden cross-over and the fact that it is not a bull trap. If we succeed with this scenario, IOTA should have a bullish movement up to 0.50 where a major resistance lies (the channel confirms it, as well as previous lows from october and august) There we should see some correction. Still it is a potential 35-38% (even 40%) gain in the January period for swing traders, as long as the requirements are met.
Stay safe!
This is not financial advice. Just a fellow trader sharing his thoughts.
Cup & handle pattern on IOTA chart points upwardsIOTA may have posted a C&H pattern, that could push the price up. So that's something we'll keep an eye on.
IOTAIOTA has been bearish for the past 24-hours. In this period, it has dropped from a high of $0.397 to a low of $0.370. It has made a slight pullback, but still has failed to clear the day’s high of $0.397.
This shows that bears are still in control.
IOTAIOTA climbed back after correcting higher from the recent lows slightly below $0.32. IOTA has tested the resistance at $0.38 several times since the drop during the Christmas period and now it seems to successfully break it. A break above this level now is opening up the road for higher corrections above $0.4.
IOTA double top reversal!?With BTC being still very bearish we might see IOTA going for another bottom via double top reversal. What do you guys think?
IOTUSD (3D): which retracement is possible at iota?normally we could expect a fibu retracement up to 0.5, then that would be a very good buying option. isn' it?
Let's see what happens. Happy trading. :-)
IOTA: Short Term Trade Setup !!Buy after Breakout Succesfully if Breakout Fail then don't trade in IOTA.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Next Short term IOTA targetBearish divergence on 4h chart. Volume decreasing. to hit the support line around 31 cents.
IOTA on the riseMany fundamentally strong altcoins have been gaining in double digits since this bullish pump started 3 days ago.
IOTA (MIOTA) happens to be one of the altcoins with the strongest fundamentals, but still hugely underevaluated, despite the partnerships of the project with the leading companies in different industries.
There are chances to see the coin reaching its previous highs in 2019 and maybe even going beyond.
IOTA Moves Closer to Total Decentralization IOTA Foundation is preparing to completely remove the central node that currently exists to prevent double spending that can occur when the network doesn’t have enough hashing power to be naturally secure. The central node is named Coordinator and its coming removal has been dubbed “Coordicide” by the Berlin-based IOTA Foundation.
Although the Coordinator is meant to secure IOTA’s network, in theory it can allow the Foundation to prioritize certain transactions or to freeze funds. Also, it is a single point of attack (if it’s taken over or it stops working, network confirmations would stop) and has been a limiting factor for scalability. The planned removal will occur sometime in 2019 and is widely regarded as bullish.
Although IOTA (MIOTA) has dropped almost 14% during the last 7 days against the US Dollar and is in a clear downtrend, it shows potential for a stronger correction to the upside.
Currently the pair is trading at 0.23 but has printed a higher low on the second attempt to break 0.20 and is testing the bearish trend line seen on the chart above. If this barrier can be decisively broken, it’s likely to trigger a move above the 50 period Exponential Moving Average (red line) and into the next resistance at 0.25. A break of the latter would score a major victory for the bulls, opening the door for further upside.
Support zone: 0.20
Resistance zone: bearish trend line (still not completely broken at the time of writing) and 0.25
Most likely scenario: break of trend line, test of next resistance
Alternate scenario: false break of trend line followed by another attempt to break 0.20
IOTAUSD - 1D Chart AnalysisIota is also one of the crypto currencies which has the price in the "middle" and like the rest, it's price has dropped starting with the 13th of November being influenced by the massive decrease of the market capitalization and since then it has started a sideways movement.
At this stage, it is traded below the Pivot Level (average price) for 1 week and as long as the trading volumes will remain the same, the chances to see a big change in the price movement are quite low.
From the technical perspective, the Stochastic is very close to the level of 20 but the %K (blue line) seems to be about to cross the %D (red line), indicating a slight drop of the price.
On the other hand, the RSI is 29 and it's position is indicating a possible increase of the price, confirmed as well by the MACD as long as the latter has just crossed the Signal.
Having this contradiction between the technical indicators we can expect another short period of time in which the price has big chances to move sideways, close to the Pivot's value.
If the trading volumes will remain at the same level, the awaited "correction" of the price can last longer and a possible target price can be 0.2059$.
Iota descending triangle. Next support 0.18cIn my opinion Iota will touch the next support of 0.18c in the next few weeks. The volume currently is very low so let's see if the support will hold. None the less I will be accumulating at these levels.
IOTA: Time for Bulls to break out Today, Id like to mention IOTA (IOT). Recently, A new partnership has been announced by the IOTA Foundation with RIDDLE&CODE, a blockchain-based hardware and software company. This collaboration is set to facilitate transactions on IOTA Tangle, of which will be autonomous machine-to-machine. In simple words, 5 years from now, in new intelligent factories, the robots communicate over the tangle with an RIDDLE&CODE chip inside, paying the supplier piece by piece and delivering real time information over the tangle to optimze the process. How will that influence CryptoMarket?
A decent rise has been seen for IOT/USD. Gains wasn't that big but of 9%. The price managed to receive much needed support, from a lower trend line. This is actually part of a larger bearish pennant pattern formation. Well, Bulk sell-off has been taking place from 7th November, as a result having lost over 50% over this period. Price action has stabilized, after forming a bottom area around the $0.2600 territory. A narrowing has been seen, as a result forming the mentioned pennant. Given current price behavior, it does suggest a breakout could be right around the corner.
Immediate resistance should be noted at the upper trend line that has formed this bearish technical set up. This can be seen tracking around $0.2950. Should the bulls manage to breakout from this? There isn’t much in the way of resistance until $0.4400 area, where the price consolidated briefly between 14-18 November, before resuming drop.
Trade with caution and on your own risks. Good luck!
Potential bullish movement for IOTAIota appears to be forming an ascending Triangle. This may signify some bullish momentum upward but would need to break across horizontal resistance at above ~.32 cents. If Iota manages to push up above that resistance, I expect to see upward movment to at least .41cents however I would not be surprised if bullish momentum is able to push past that up to nearly .50 cents.
IOTUSD: 1st target hit. 2nd projected towards the end of JanuaryTP = 0.3200 hit as the 1W Channel Down (RSI = 34.160, MACD = -0.306, Highs/Lows = -0.1732) made a new bearish leg nearly making a new Lower Low at 0.2450. Based on this channel and the Lower Low support (dashed line) we will pursue our final TP = 0.1495, which is projected to be accomplished near the end of January. However due to the highly probable scenario that the crypto market is near a bottom, we are prepared to close that final position (still on profit) if the price jumps above 0.4000.
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Has Iota found support?This is not meant to be advice. Just sharing my learning experience. I am curious, if ~.27 cents will prove to be moderate support for Iota.
Iota still to drop lowerIota appears to be in both a descending triangle as well as a channel. Iota may find support around .22 cents but I would not be surprised to see Iota test .18 - .20 cents.
Please be aware this is not advice. I'm simply sharing my learning experience to better improve myself.
IOTA/USDThe down sloping 20-week EMA and the RSI in the negative territory show that every pullback will be met with selling pressure. As the support at $0.28 broke, the fall can extend to the next lower level at $0.1427. Still, there is a minor support close to $0.23 levels.
However, if the price recovers from the current levels and rises above $0.4037, the digital currency might consolidate for a few weeks before attempting to start a new uptrend.
I would wait for the trend to change before buying. Not an advice, just an opinion
Break out or break downFirst this is not advice, just sharing my learning experience. If Iota gets a solid movement upwards above ~ .35 I expect we should see movement > .40. On the opposite, if price breaks below diagonal support Iota may fall to the price range closer to .22. Usually an ascending triangle leans more towards bullish momentum however this has failed 2x.
Iota to experience lower lowsWith the diagonal support of the ascending triangle being broken, I expect Iota to test support levels around .22 cents. If this is breached Iota may near ATL territory within the mid to lower teens. Please be aware, this is not advice, simply sharing my learning experience as I practice.
