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Iotausd

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).
BITFINEX:IOTUSDShort
by InvestingScope
1
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.
BINANCE:IOTAUSD
by ReadBTC
IOTAUSD - 1D Chart AnalysisLike for the rest of the coins, the price of Iota has also started to slow down it's daily movement average based on a lower trading volume.The actual sideways movement has started on the 6th of September and it doesn't seem to be over as long as there are no strong fundamentals yet. On a very short period of time, as long as the price will stay above 0.5638$ (Pivot Level), the next possible targets are 0.5844$ (Resistance Level 1) and 0.6232$ (Resistance Level 2) in extension. This first scenario is supported by Stochastic which is indicating that the trend may continue, by the MACD line which is still above the Signal one and it can be confirmed by the Bollinger Bands as well. The opening price of the current candlestick it's higher than the 20 days Moving Average and if the closing price of it will be bigger than 0.5727$, we'll get the confirmation we are looking for. On the other hand, if the price will fail to end up the day higher than 0.5727$ and it will also cross the Pivot Level, the next possible targets are 0.5456$ (Support Level 1) and 0.5250$ (Support Level 2) in extension.
BINANCE:IOTAUSD
by ReadBTC
IOTA. My target 1.3$After a long fall, which lasted almost 9 months, in my opinion, this coin has completed the correction. I urge that at the price of 0.4 the last correction wave C was completed, which in its length and duration is similar to the wave A. Almost 2 months the price is consolidated in the range of 0.5-0.6 $. A triangle formed, which in my opinion should shake up. In this case, Wave 1 will continue to form. If you run rental lines, then the consolidation is now at the bottom of the falling channel, which worked 9 months. My target coincides with the upper trend line of this incident channel and is 2.618 from the previous wave of growth and 61.8% of the corrected wave of C. If you consider a smaller timeframe, one can see how the double bottom is reversed: If the price goes below $ 0.53 - at best, the correction will be delayed in the range of 0.5-0.53 $. The critical point of this coin is $ 0.5
BITFINEX:IOTUSDLong
by P_S_trade
1
Is iota preparing lift off?The past months iota took blow after blow, is the retracement over,and ready for a trend reversal. My answers is yes,but it's need to prepare little more look at this pattern the resembling is uncanny,will this pattern play out, I hope so .A good indicator I'm waiting for is ,breaching the upper blue line and going back between the blue lines again to prepare for take off, I will give my targets then I will keep you updated. Remember this never count on crypto to be your hail mary because they will utterly dissappoint you. Until next time ! Sir Durzo
by Sir_DURZO
1