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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
BINANCE:IOTAUSD
by Forex_Academy
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$.
BITFINEX:IOTUSD
by Mr_Guapo
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 - $0.96 from the previous lows but this support has already been tested multiple times; I beleive if the price comes back to this level again, then it will likely break below the support. I don't own any IOTA, I just keep an eye on the price for my friends. This is not financial advise, doing your own research is encouraged :) Any thoughts or questions feel free to comment, GLHF!
BITFINEX:IOTUSDShort
by Biffy
4
IOTABTC SwingMy first idea here, be civil. IOTA has been selling off for almost 3 months, and looks ready for a reversal. Bounce off 11,500 sats looks good. Horizontal candle body high shows positive support at 12,000 - 11,200 sats. 50% Fibonacci retrace shows 20,000 sats as the measured move. Both Stoch RSI and MACD looks ready for positive momentum. STOP LOSS: 11,200 - 11,000 sats. Set up alerts on price action, don't get stopped out by a squeeze, move stop loss as needed. More to come, thanks for reading.
Long
by amirmohavia
IOTA SHORT to 0.79$IOTA is moving inside a triangle which is formed by a strong support but at the same time a very strong resistance (coming from ATH) is crossing down the triangle. Daily Stoch RSI points down. RSI turned down. MACD neutral but might turn downward soon. In case IOTA breaks the support it might still continue to decline to ≈ 0.79$ level and there it will touch the trend line. IOTBTC chart doesn't look good at the moment. Also given the fact that BTC might retrace a little bit since it is overbought and IOTA reacts to BTC downtrend with 2x I see this target easily reachable. 0.79$ level will be a good level to buy (depending on the price action) ------------------------------------------------------------ ***** This is not a trading advice. Please invest responsibly *****
BITFINEX:IOTUSDShort
by zorino
IOTA - Potential Reversal or Trap?1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area 2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high 3. Symmetrical triangle is being formed indicating a breakout soon 4. Using Tom DeMark Sequential on the weekly chart, last week's candle gave us a TD Red 9, forming a TDST support at $0.93 I believe right now would be a great time to open a long position due to the reasons listed above. Stop loss would be at $0.93 where the TDST support and the Gann Fan intersecting point is also located at. Please note that the TDST support is not considered broken until the weekly candle closes below it, so beware of fake outs.
BITFINEX:IOTUSDLong
by ErnestEA
5
A trading opportunity to buy 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 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action 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 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
BITFINEX:IOTUSDLong
by ForecastCity
A trading opportunity to buy 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 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action 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 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
BITFINEX:IOTUSDLong
by ForecastCity
5
Bearish break out on IH&S. Short.IOTA was again limited below the 1.2548 Resistance on 1D, which is now neutraly biased (RSI = 48.321, Highs/Lows = 0, ADX = 18.546). We see two successive curve patterns with the latest however breaking the formation by crossing 1.0710. This is a bearish break-out signal on 4H, which is already reversing (Highs/Lows = -0.0103, B/BP = -0.0219). There is no reason to alter the targets on IOTUSD: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459.
BITFINEX:IOTUSDShort
by InvestingScope
1