IOTA/USD downtrend still intactIOTA/USD increased a little after retesting the 1505% line. A valid breakdown below it will send the rate towards the first warning line (wl1). The perspective remains bearish on the short term as long as the rate stays below the minor downtrend line. It should drop if will close below the 1.22466111 yesterday's low
Iotausd
IOTAUSD - possible development if residentline holdsHey,
this is just an idea how IOTA might develop in the upcoming 30-45 days.
We have seen similar Patterns in the past and a break out is possible. To be able to break out, IOTA Needs to proof the residentline of the past months. If this one breaks a fall back to 94 Cent or deeper is possible.
If the residentline holds a break out of the triangle is possible. The upcoming fair in Germany in which Volkswagen and ist CDO is partnering might be a good start for a breakout of the triangle.
Please: this is just an Analysis based on daily Chart and past RSI - The last break Outs happend:
1. when IOTA foundation announced the data Marketplace and the companies taking part (beginning of december)
2. IOTA was part of the worlds largest Technology fair in Hannover partnering with Fujitsu (end of April)
3. Possibly the upcoming fair when partnering with Volkswagen - only an estimation.
IOTA found support at $ 1.32IOTA has lost -1.54% in the last 24 Hours where it found support at $ 1.32 after dropping more than $ 0.42 cents over the weekend as well as all cryptocurrencies, sellers still do not want to exit the market and they are pushing the price very much below today's center pivot point. The RSI and the Stochastic already appear saturated in the oversold zone so the arrival of buyers is expected at the beginning of the Asian session, $ 1.44 is the Central Pivot Point, first target to attack for buyers.
Weekly review of 10 major cryptocurrencies 4.06.18 - 10.06.18
Last week major cryptocurrencies resumed their decline reaching new local minimums and finished the week near them. Bitcoin reached the minimum of $ 6’620. Its share in total capitalization increased to 38,9 %.
The number of billionaire-coins decreased to 20, their total number (according to coinmarketcap.com) decreased to 1’634.
The total capitalization of cryptocurrencies decreased to $ 299 billion.
Bitcoin fell by 12% from $ 7’720 to $ 6’760 last week, the minimum was $ 6’620.
There was the resumption of medium-term downward trend with retesting $ 6’500 with a very possible further break of this level and with reaching new minimums of many months. The week closing around $ 6’500 makes it quite possible this week already.
Until $ 10’000 is overcome, long-term technical picture remains bearish.
Ethereum fell by 15% from $ 620 to $ 524 with the minimum of $ 496.
Ethereum has dropped and remains below both fast-moving and low-moving averages. Meanwhile low-moving average has been declining. Now we can speak of resumption of medium-term downward trend.The support on $ 360 is very likely to stand firm this week. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) decreased by 16% from $ 0,69 to $ 0,58 during last week with the minimum of $ 0,55.
The decrease resumed after unsuccessful attempt to rise above fast-moving average. Low-moving average has been declining. The further decrease is more likely.
BCHUSD fell by 20% from $ 1’170 to $ 934 last week with the minimum of $ 892.
The rate fell off from fast-moving average. This is a bearish sign. On the other hand, last week fast-moving average crossed the low one giving a signal to buy. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1’800.
The further decline is more likely.
Litecoin fell by 15 % from $ 125 to $ 106, the minimum was $ 102.
The decline stopped for a while before the support on $ 100. But after closing of last week near it, the further decline is more likely.
IOTA decreased by 24% from $ 1,80 to $ 1,37, the minimum was $ 1,30.
The consolidation around crossing moving averages into buy resolved to going down. The further decline to $ 1 as minimum is more likely.
NEO fell by 16% from $ 56 to $ 45 last week, the minimum was $ 43.
Retest of support near $ 45 has resumed. The further decline is more likely.
Monero declined by 17% from $ 168 to $ 139 with the minimum of $ 131.
The support above $ 150 is broken. The further decline with approximate target of around $ 80 is more likely.
DASH fell by 19% from $ 331 to $ 269, the minimum was $ 257.
The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely.
NEM fell by 17% from $ 0,26 to $ 0,215, the minimum was $ 0,206.
The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely.
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On the verge of an importan mdeium term break outIOTA is on important crossroads on 4H. Despite our perception of a 4H Channel Down to be formed (RSI = 45.126, MACD = -0.003, Highs/Lows = 0), if 1.7625 breaks, then the price will test the 2.0330 Resistance. If not it will first come across the 1.6223 Support again and then 1.5169 & 1.3417 in succession. So depending on the break-out, we will either TP = 2.000 or 1.3500.
IOTA, looking for a support to jump.After the long rally of the last week, IOTA has yielded half of its earnings and today has as main resistance the 100-200-EMAS close to $ 1.74, the indicators appear neutral and the volume has fallen a lot so the buyers have lost a lot of strength, however, we must be alert to a close above the 200-EMA that can give us an interesting boost.
Between Resistance and Support levels. More downside to comeIOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.
IOTA:USD - Classic "Sell the news" DipTL:DR - classic sell the news situation. I have no idea where we go next.
This is the Iota:USD chart with 4h candles. What a classic "Buy the rumor, sell the news" scenario. Iota plummeted 6% in about 5 minutes around the time of the release of the Qubic news. I had hoped to be at the computer watching the trading right at the announcement however family time (which is way more important anyway) made that impossible. I had set some Stop Sells to try and catch a "sell the news" situation but price just dropped too fast and only 1/6th of my order executed. I have since bought back what I sold for a very small gain.
In terms of price action We very quickly rejected the dotted red downtrend line that is 6 months in the making as well as the $2 psychological resistance. This is unfortunately quite bearish. I still have faith that as more info about Q is released we will break $2 but right now I just don't know.
Ultimately, I have no moves planned, there is no obvious price action and any move would just be a coin flip.
***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
#IOTA is in the clouds, rejection around KS region#IOTA is in the clouds , rejection around KS region. Facing an important test in a few hours . The break above 50DMA (1.88) . If we get confirmation of the break then we can expect a bull run to 2.3 level from iota
50DMA break is important for $iota, currently at 1.88
Historical data whenever #iota has broken 50DMA level:
22 May: -23% drop in 8 days
14 April: +104% in 19days
16 Jan: -74% drop in 81days
9 Nov: +1024% in 27 days
8 Sept: -47% in 55days
4 Aug: +240% in 13 days
We need to be on the sidelines till we get a confirmation of the break, if entry is from 1.72 level then SL should be trailed appropriately.
IOTA/BTC going to 2.1$ or 1.4$ ????Reaching a critical point, pretty much depends on BTC! If BTC goes to 8000$, IOTA will go to 2.1$, if BTC goes to 6500$ IOTA will fall to 1.4$ and creat a double bottom! which one will it be?!
Ps: in case you are confused with the Fibonacci I created, i did two and joined! (A) stands for "all time high" and "all time low" . (B) stands for "recente high " and "recente low" .
IOTA ZIG ZAGWe can try to short IOTA till 1.64. 1. 64 is the 0.5 retracement of AB … 5-0 reversal pattern. This is more than an hypotesis.. there is a nice support there. I think that we could reach 2.20 after that.
Wait for confirmations and always a look at what bitcoin does..
You can see in an old idea that we are again at resistance against ETH and BTC.
#Iota update: Bullish scenario #IOT #crypto $iotausdIota has started an impulsive wave sequence
Currently it is being supported by 20 & 100 DMA's at 1.68 & 1.61 repectively.
Wave 1 made a swing high of 1.66
Wave 2 retraced till 61.8fib
Currenly Iota has broken above the Wave 1 high at 1.66.
Wave 3 expected as 1.618 ext of Wave 1 ,
T1 comes at 2-2.05
Wave 4 bullish 38.2fib retrace around 50DMA support
Wave 5 expected as 1.27 ext of Wave 1,
T2 comes at 2.25-2.30
A more bulish count may also be possible with Wave 3 taken as 2.618 ext of Wave 1
taking that into account:
T3: 2.60-2.75
Stop below 100DMA support: 1.6