IOTA Touched The Main Support at $ 0.32, Next month IOTA BullishIOTA touched on the main support at $ 0.32, and should grow next month.
Recommendation:
Buy at $ 0.32
TP at $ 0.78 or wait for long term targets ..
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IOTUSD: New Lower Low made. Channel Down intact.IOTA has just priced a Lower Low on the 1D Channel Down (RSI = 34.297, Highs/Lows = -0.0018) and even crossed Augusts 0.4050 low, which was the bottom on the 1W chart (also bearish with STOCHRSI = 28.684). A retrace tp 0.4570 is expected before IOTA finally tests the 0.3200 November 02, 2017 low.
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IOTA Full Setup Next Target 61% !!IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels,
Long - 7700 Target Will be First Target 8200 & second 11000.
if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
IOTA sitting Silent slightly above Demand zone.Hey! I am back with another Technical analysis, this time looking at longer timeframe on IOTA.
Informative text.
If you are only curious about forecast, go to " Technicals " or " Conclusion"
IOTA has tested known demand zone in august and saw relatively quick 70% gain . But this still wasnt enough as Bitcoin was going pretty much sideways, and IOTA and every other coin has to obey and follow .
The thing is , if IOTA would breakout and see an 300% gain for example, and be at second ressistance point from above, IOTA would be worth only about 2$ per coin , without Bitcoin showing some green moves.
Buyers need to see an good uptrend certainity on Bitcoin for strong altcoins as Ripple, Ethereum and Iota for example to see parabolic or sharp uptrend moves.
This doesnt neccesary mean that Bitcoin has to break 20k level or higher for IOTA to see price above 6$ once again, but it would help a lot, all I am saying is that Bitcoin has to leave the demand zone of 5800-6000 area and continue gaining value to show alts their way.
If Bitcoin sees another crash to 5800 , alts will follow and very likely to see oversold crash bounce as IOTA seen once.
Technicals.
IOTA is showing once again that she likes this Demand zone .
Unsuccesfu l breakout and downtrend has been formed. After this downtrend is broken I expect to IOTA remain silent for about the same time as Bitcoin or show some sharper moves up when Bitcoin starts to move.
Low volume shows that an uptrend is first most likely to happen and after a while IOTA can see another Breakout .
MACD is showing clear trend , and its currently uptrending with MACD giving first week buy signal , still unclosed but on a good clear way.
RSI shows demand still above 30 even after such sellout, found some support and began uptrending , with ressistance getting close to support, sharp move may be ahead . (15-60% at least).
Conclusion.
Uptrend or an impulsive move most likely to happen. IOTA has good Fundamentals and there is no reason for IOTA price to not grow .
Use the ressistance levels as take profit zones , slightly below ressitance.
Thats al l from me, for now. If you agree with this Technical Analysis , consider leaving that " Agree Button " blue , as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
IOTA bearishThe last time when I made a negative analysis for IOTA a lot of people claimed, that it would be false. IOTA never will fall as deep as I had mentioned (0.34$).
And, yes, temporarily I thought they could be right and my analysis had been too negative for this token.
But meanwhile the token had left its consolidation path, entered a new negative trend channel (red) and fell to 0.48$ - not so far away from my older analysis.
But what didn´t happen yet could happen in the near future.
IOTA has left the falling channel to the side - what is a good sign. And if it had rosen to higher prices immediately after leaving the channel I would have concluded that the bearish trend has finished. But instead rising it stayed on the lower level. Every try to break out to the top was lower than then previous top.
IOTA now has reached the peak of the wedge and it is to be expected that it´ll fall - at least on the upper limit of the negative trend channel (scenario I), because there it reaches the very important support consisting out of the Zero-line of fib retracement (0.34$). This has been the aim in my older analysis, too. And on that level we could also consider the ending of the long corrective wave c (EW).
But there is also another possibility, that IOTA would break the support and reenter the negative trend channel (scenario II).
In this case IOTA could even cross the channel to its lower limit and would reach prices around 0.19$. On this level we had the first rush from IOTA in july 2017 - to august 2017 (0.17$ - 1.05$).
I think the difference between I or II depends on the volume which is in the market. Hopefully it´ll come back at time.
This is no trading advice.
IOTA - Large scale potential Hi guys, this is my first IoT trade idea. I would be looking to make a long position as the price has broken above the descending triangle formed in early May 18' and looks as if it is currently re-testing this trend-line. The previous market high was $5.8 - the current price is 94% lower than that at $0.504. This presents a rather lucrative trade.
The Internet of Things market is predicted to consist of 26 billion units by 2020 - up from 0.9 billion units in 2009. According to researchers, this would generate 14.4 trillion in value; combination of increased revenues and decreased costs dispersed among companies by 2022.
I have not done enough research into this project to have confidence to invest myself or to advise any others to invest, but the sheer numbers of the potential IoT market should be incentive enough to encourage you to have a look into the prospects of this platform.
Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade.
If you stick by a smart trading plan you can substantially reduce your exposure to losses.
IOTAUSD - 1D Chart Analysis
After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created.
Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows :
* The RSI has reached a maximum level of 55 and it started to retrace
* The stochastic is very close to a crossover above the level of 80, meaning that the price is "overbought" and we are waiting for a trend change
* The upper standard deviation of the Bollinger Bands has been touched by the price, meaning that the latter is considered "overbought"
* The trading volumes are getting lower and without any fundamentals, the price seem to start a slight decrease.
In this situation, it seems that the next important moment will be the intersection of the price with the 20 days Moving Average and from there, we will have 2 possible scenarios :
* If the price will bounce back from the 20 days MA, there are big chances for the Resistance Level of 0.5229$ to be "tested" again
* If the price will go below the 20 days MA, the next possible "stop" will be the Support LEvel 1 of 0.4702$
IOTAUSD - 1D Chart AnalysisAfter the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process.
The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot be considered "Bullish" yet, as the price is still located between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands.
On the other hand, MACD's Moving Averages have just intersected, showing a possible continuation of the uptrend with the first obstacle at the Pivot Level of 0.4891$.
* If this level will be broken, the next target price is the Resistance Level 1 of 0.5026$
* If the price will fail to broke the Pivot Level, the target price is 0.4662$
IOTUSD: Falling Wedge cracked below. Expecting a 1W support testThe 1D Falling Wedge broke downwards (RSI = 34.753, MACD = -0.020, Highs/Lows = -0.0276, B/BP = -0.0673) and a test of the 0.4039 Support is necessary to provide the next pattern. That will most likely be a Channel Down on 1D (blue dotted channel) that can extend up to 0.3199 as part of the Lower Low process. The overall long term trend remains bearish (1W RSI = 38.183, grey channel) and so do we on IOTUSD with TP = 0.3199, 0.1459.
IOTAUSDT SOME CLUES and MY ACTION PLANIOTA is one of a solid projects and they work with VW group and IBM -1.31% . I had some clues and wrote down detail on the graph. After these clues SHORT is a good option for me I will wait and get into train after it decides its way to go. Since pulse of BTC 0.06% is near stop, it has not decided yet which way to go and the overall market is waiting for BTC 0.06% except for pumpkin shitcoins :)
People who want to get some risk can buy from this price and set a close SL.
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