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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
IOTA AT $1 NECKLINEHey guys, IOTA, similar to brothers BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at the important 1 Dollar. We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential. => But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out! In the direct correlation of IOTA/BTC, we're still holding important support at .15. If we cannot break to the upside, we're looking at the lows at 0.93 & 0.88, which is a huge support & former resistance area. So, if you wanna play bullish , never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money. If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos ! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
Channel Down emerged. Still short.The price created the new Channel Down (RSI = 33.428) on 4H that was projected and Highs/Lows = -0.0270, B/BP = -0.0543, MACD = -0.035 already point towards the 0.888 support. 1D remains on a perfectly balanced downtrend (RSI = 39.385, ADX = 30.901) and the lack of oversold aspects indicates that the new bearish leg on IOTUSD can be sustainable and on a steady pace. The targets are intact: 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. IOTA remains a medium term short opportunity.
BITFINEX:IOTUSDShort
by InvestingScope
IOTA EXPECTED BOTTOMS AND BUY TARGETSIOTA BUY TARGETS. LOOKS LIKE A DEEP RETRACEMENT COMPARED TO THE OTHER TOP 20 COINS. COULD POTENTIALLY SEE IT GO ALL THE WAY TO THE BOTTOM OF THE PURPLE LINES, BUT GETTING LOTS OF CONFLUENCE NEAR THE TOP AND MIDDLE OF THE PURPLE LINES. TAKE A CHANCE AND PUT SOME BUY ORDERS NEAR THE BOTTOM OF THE PURPLE LINES, MAY GET LUCK AND GET PICKED UP BY A WICK. ALSO THE MARKET MAKERS MAY INTENTIONALLY GO DOWN THERE TO TAKE OUT THE STOP LOSSES BEFORE IT MOVES UP. LOOKS LIKE IT'S FOLLOWING A CHANNEL AND MOVED ON TO NEXT CHANNEL, AND USING THE PREVIOUS CHANNELS RESISTANCE AS A SUPPORT. LET THE TRADE COME TO YOU. AS LONG AS YOU HAVE A PLAN (A,B,C,D,&,E) THERE IS NOTHING TO FEAR. MAY UPDATE FURTHER DOWN THE RETRACEMENT LINE, NO STOP LOSS FOR PRICES THIS LOW. GOOD LUCK TRADING,
BINANCE:IOTAUSD
by artthurrr
1
Consolidation is over. Short on a new Channel Down.IOTA broke the Rectangle pattern on a Bitcoin fueled rise on 1H but was still contained under 1.2582 of the previous High as seen on the 4H Arc shape. This neutrality (RSI = 50.167, CCI = -18.5085, Highs/Lows = 0.000) should break now as IOTUSD resumes the dominant 1D bearish trend (MACD = -0.076) on a new Channel Down. New shorts have been added with TP = 0.7947 as previously and the Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459 the next supports/ target points.
BITFINEX:IOTUSDShort
by InvestingScope
2
IOTA at important channel supportHey guys, IOTA is at an important channel support right now, with the lower wick at 1.13. This channel support is upholding since 6/30, and a break here together with granpda BTC would be decisive. We're right now still holding 26 EMA both in IOTA/USD, as also in the direct correlation of IOTA/BTC. There we have established a support line around 0.000175 => Once we break bearish, IOTA would be more leveraged than BTC. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;) To the upside we have reached the same Highs as on 6/19 with 1.25. We'll have to develop some strength to break that. All in all, an upward channel is like a normal equilibrium, only on steroids. So bulls, beware! ;) If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_