IOTUSD 70%+ potentialIOTUSD has strong potential to the upside, to complete last wave of present correction.
Iotausd
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.
Please add your comments to improve ideas. Wish you have a profitable day
IOTA/USD falling wedgeThe chart pretty much explains itself. Will IOTA go further down inside the falling wedge or will it break out? Depends very much on $BTC as well.
IOTUSD: Falling Wedge near its bearish break-out. Still short.ioThe previous Descending Triangle on 1D has been discontinued as the price broke and remains below the 0.4978 support. As a result a Falling Wedge has emerged on 1D (RSI = 39.630, MACD = -0.018, Highs/Lows = -0.0063, B/BP = -0.0270) which should break towards the end of October and test the 0.4040 1W support. With 1W though still on a long term bearish pattern (MACD = -0.307, Highs/Lows = -0.0515), the 0.3200 November 02, 2017 should be tested. We remain bearish on IOTUSD with TP = 0.3199, 0.1459 (long term).
IOTAIOTUSD logarithmic chart
Perspective of future movings.
Most of indicators still bearish. Waiting for some spring move in the support zone.
Collecting the accumulation for the reversal and up-trend.
IOTAUSD - 1D Chart AnalysisAfter yesterday's failed attempt of crossing the 20 days Moving Average, we could see today another negative evolution of the price, confirming the bearish trend which started on the 11th of October.
Other factors that we might consider for this scenario would be the RSI which seems that is heading to the "oversold" area, the Stochastic's crossover which is indicating that the price will start to decrease and the MACD which is clearly indicating that the downtrend is not finished yet.
As possible targets, we can first consider 0.4708$ or 0.4600$ in extension.
IOTAUSDIOTA / USD
Can form a double bottom pattern
It will be necessary to monitor the support zone at $ 0.48
IOTA Return to MeanIota looks good for a play, target is 90c or so can SL under the low around 46c.
Zoomed out view.
See the divergence vs BTC
IOTA LongIota finally stopping the bleed from btc's recent move up.
Trend bleeding has stopped, and we are now entering accumulation until levels start to squeeze.
IOTUSD: Support and Triangle broken. Short.The 1D Descending Triangle broke on IOTA as the 0.4980 Support was crossed (RSI = 42.370, MACD = -0.025, Highs/Lows = -0.0164, B/BP = -0.0387). We have a Channel Down in its early stages and the commanding long term bearish trend on 1W (Highs/Lows = -0.0606, MACD = -0.309, RSI = 39.391) should sell every spike below 0.5800. We are still bearish on the long term with our TP = 0.3199, 0.1459 intact.
IOTAUSDIOT/USD
Broke symmetrical triangle up
The immediate goal is 0.64-0.65 $
Good zone for buy: 0.57 - 0.58$
Stop 0.55$
IOTUSD: Triangle extension. Approaching a break-out. Short.IOTA is practically extending the sideways trading within the 1D Triangle (RSI = 52.718), still on Lower Highs, resisted at 0.6500 by the 1W Channel Down (RSI = 40.817, MACD = -0.299, Highs/Lows = -0.0201, B/BP = -0.3135). Besides the obvious scalping within the Triangle, which is a short term trading opportunity, we remain bearish on the long run with TP = 0.3199, 0.1459.
IOATA - Indicators Point DownIOTUSD has established a new resistance at 0.61 level which coincides with the upper bollinger band and an overbought stochastic. These indicators points a downward movement all together. A breakdown below 0.59 support will confirm the fall which may target 0.5580 primarily. As an alternative scenario, a break above the strong 0.61 resistance can carry the price to 0.65 level, the next resistance,
Iota Short position to the upside As you can in my analysis where the market is heading in my view check it out.
