21 Period Low on IOTA, looking for quick bounceUsing a strategy described by John Carter. Low risk, nice reward.
Iotausd
Both targets hit. Emerging Channel Down. Short.Both TP = 0.7947 and 0.6704 (Nov 24, 2017 contact point) have been hit as IOTA followed our bearish break-out signal on the previous report, was rejected again on the 1.0195 Resistance and eventually made a new 1D low at 0.6000. We expect a new 4H Channel Down to emerge (RSI = 28.620, MACD = -0.069, Highs/Lows = -0.0378, B/BP = -0.1041) that will drive the price down to the November 02, 2017 contact point = 0.3199 at least, if not the July 15, 2017 = 0.1459. That will be a technical Lower Low within the 1D Channel Down (RSI = 31.382, MACD = -0.086, Highs/Lows = -0.1902, B/BP = -0.3909) for IOTUSD and a rebound is expected.
IOTA breaks all dreams of mom's traders :)Well, as I said before IOTA won't go up until BTC is in strong downtrend.
Anyway, a lot of mom's traders continue to paint their stupid dreams about IOTA for 3-5$ in August :) Of course, it won't happen.
Now there is no any reason to take a long. You can just buy it and hold if you are mom's investor.
P.S. Perhaps, we will see small rebound, but it's not "to the moon" )
IOTA/BTC TRADE - DOWNWARD WEDGE - CryptoManiac101This is self explanatory chart as always.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
IOTAUSD Key Support ZoneWeekly close under this zone means that there will be blood. But still I think that buying close to the zone has a good R/R.
Upper diagonal line just a possible take profit line(roughly) if it doesn't break the support.
The line is not for a descending triangle like I said.
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the resistance zone (0.96 to 0.70), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.96)
Ending of entry zone (0.70)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.16
TP2= @ 1.33
TP3= @ 1.62
TP4= @ 2.04
TP5= @ 2.60
TP6= @ 3.10
TP7= @ 3.92
TP8= @ 4.75
TP9= @ 5.80
TP10= Free
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the resistance zone (0.96 to 0.70), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.96)
Ending of entry zone (0.70)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.16
TP2= @ 1.33
TP3= @ 1.62
TP4= @ 2.04
TP5= @ 2.60
TP6= @ 3.10
TP7= @ 3.92
TP8= @ 4.75
TP9= @ 5.80
TP10= Free
Bearish break-out. Strong short.IOTUSD has reversed as the price was rejected just above the 1.0195 4H Resistance (RSI = 33.534), breaking the 3rd recurring Curve pattern. This is the first strong bearish sign and if the 1D support at 0.9156 breaks today, we have confirmation of a new aggressive medium term downtrend. The oversold 4H tech (STOCHRSI = 22.631, ADX = 84.738, Williams = -83.582) may cause a short consolidation as those need to be harmonized but 1D (already on 4 straight bearish candles) should start pushing lower shortly after. Targets intact: 0.7947 and 0.6704 (Nov 24, 2017 contact point).
IOTA endangeredIn one of my previous analysis I described the scenario that IOTA could fall onto a price level at about 0.35$. Most commentators argued, that this would be riddish and prices should be at 5$ or so.
It´s not that I do not trust the foundation or the idea behind IOTA. I do only some technical analysis here.
I´ve thought that most of the risks have been extinguished and the very low level of 0.35$ would be out of range.
But in my actual analysis, the older analysis gets the second chance.
Since may the price of IOTA has been fallen within a negative trend channel. Every attempt to break the upper limit has been stopped and IOTA continued lower.
Last time, from dec 17 to april 18, IOTA lost 84% of its value. If it were the same this time it would lead the price to levels around 0,42$; within the yellow rectangle! After 107 days it would have reached this level; this would be september 2018.
To give positive signs IOTA has to stay above the next support on 0,91$ and leave the channel to the side at least.
RSI and MACD both are in negative terrain. Volume is low.
Sorry - no good news. We´ll see if IOTA has got enough strength to break the existing negative trend in the next days or weeks!
This is no trading advice!
IOTA Another rise before breaking the triangle?Timeframe: 240M
Main Scenario: IOTA has lost -4.17% and has bounced in the Pivot S1 in this 4-H chart, the price is forming a descending triangle that probably will break down in the Pivot S1 but the indicators are now showing oversold levels that could possibly call the buyers back and try to test the upper line of the triangle, so here we have to be aware of what is happening to take the right desition, personally I think there could be another raise before a breakdown so a long position could be an entry here between $ 0.9410 - $ 0.9444.
Alternative Scenario: The price can go to retest the support line and the Pivot point S1 to break the triangle down.
Entry/Stop Loss/ Take Profit: We can go short if the price moves between $ 0.9410 - $ 0.9444.
T1 = $0.9717 (2.6 %)
T1 = $0.9967 (5.1 %)
The Stop Loss can be placed at $ 0.9172 (-2.85%)
Duration: 1-3 Days
Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point.
Warning Level: A range behaviour during the next 24.H around the Pivot S1 will invalidate this setup,
Risk Management: Risk/Reward Ratio: 1.86
IOTA/USD will it hold above 0.93$ ?!IOTA holding pretty strong above 0.93$. Althought we are in a bearish period of the market, IOTA has been holding that position! As we passed by the 20 day MA IOTA lost momentum and went a little down. If the support can't handle it, we might see IOTA drawn to 0.7$ at the end of this triangle trend. If we manage to hold strong, we will see IOTA moon to 1.15$ before it goes on a bull run! Indicators show bearish signs for now but until 16 August I believe it will hold above 0.93$.
IOTUSD - Market AnalysisHi,
This chart shows the decending trendlines which are acting as resistance at the moment. My outlook is that the market will remain brearish untill these resistance lines have been broken through... there is support at $0.90 - $0.96 from the previous lows but this support has already been tested multiple times; I beleive if the price comes back to this level again, then it will likely break below the support.
I don't own any IOTA, I just keep an eye on the price for my friends. This is not financial advise, doing your own research is encouraged :)
Any thoughts or questions feel free to comment,
GLHF!
IOTA: LongggIOTA has formed a symmetrical triangle that will most likely break out on the 5th touch (purple rectangle ). Based on that makes IOTA a great buy position.
IOTA downtrend continues, rebound in sight?Looking at the daily we can see it is continually dropping. The past 2 days it has stabilized. We are testing low levels not seen since early December and March 17. It was at both of the times that IOTA went on a bull run. We are also approaching what happens to be 134 day cycles. It will be interesting to see what happens from here, I personally am Bull.
IOTA ApprochingIota near buying zone around 1-0.5 $
potential target around 6$
50 Likes to get updated
IOTAUSD to drop by ~30 pips based on Trend AnalysisFollowing the trend lines, we can observe that IOTA will follow a downward trend, remaining within the main funnel. Since the shorter downward trend suggests movement within the main funnel, we can expect more aggressive swings as it gets closer to the trend lines. I will update you as the price changes. What do you think about it? Would it go under parity and stay there or?
IOTAUSDT: Price Near Longterm SupportIOTA is hovering near its longterm support - we will use this opportunity to open a small position with a tight stop loss targeting a 50% fib. retracement from the previous high. This trade has an excellent risk reward ratio as long as you adhere to the stop loss (on candle close)
Buy: 0.98 - 1.00
Target 1: 1.16
Target 2: 1.34
Target 3: 1.59
Target 4: 1.89
Stoploss: 0.87
