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Iotausdforecast

IOTA: Little By Little 🤏Little by little, IOTA is moving upwards with baby steps and seems to be willing to leave the magenta-colored zone between $0.06007 and $0.3634. Although there still is a chance that IOTA could develop a new low deeper in the magenta-colored zone, it would be well advised to not get too close to the resistance at $0.0600, as falling below this mark would bode ill for the altcoin. Instead, IOTA should rather continue to rise and climb above the resistance at $1.0550, which would provide a good basis for further ascent.
BINANCE:IOTAUSD
by MarketIntel
IOTA: Shake It Off!I’m just gonna shake, shake, shake, shake, shake, shake… IOTA should really turn up this Taylor Swift song and step up, for we expect the altcoin to shake off the recent correction phase and to move upwards, crossing the resistance at $1.0550. First, though, IOTA must finally complete wave ii in magenta, which could initially lead it a bit deeper into the magenta zone between $0.3634 and $0.0600. However, the altcoin should be careful not to drop below the support at $0.0600.
BINANCE:IOTAUSD
by MarketIntel
IOTA: Two RoadsTwo roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth… The first stanza of Robert Frost’s poem “The Road Not Taken” describes IOTA’s situation quite well. Two roads are spread before the altcoin – which one will it take? There is a 48% chance that IOTA could decide to go downwards and drop below the support at $0.5736. However, we primarily expect it to rise up, crossing the resistance at $1.0550. And if IOTA has made it this far, there is potential for further upwards movement.
BINANCE:IOTAUSD
by MarketIntel
1
IOTA: Fly Me To The Moon 🌖✨🪐Fly me to the moon, Let me play among the stars, Let me see what spring is like on A-Jupiter and Mars. In other words, hold my hand, In other words, baby, kiss me! After its long correction period, IOTA can finally start singing again. It has finished wave (ii) in blue and turned around just before hitting the support line at $0.5736. We now expect it to take off in the direction of $2.0842 and higher still. However, caution is still required as there remains a 48% chance that IOTA could tumble below $0.5736 and continue the descent from there. As long as it stays above this mark though, we can join in the popular Sinatra song.
BINANCE:IOTAUSDLong
by MarketIntel
IOTA: Under Water 🤿IOTA has jumped off the cliff at $0.9810 and dived into the green thicket of sea weed between $0.8968 and $0.7442. Here, it has been swimming along for a while now, watching the wildlife of the underwater world. We expect IOTA to go a bit deeper still and to finish wave c in orange just below the green thicket. Then, the dive should be over and IOTA should resurface above $0.9810. From there, long-term rise is possible again. As they are still uncharted, though, IOTA could find something interesting in the depths below the green sea weed thicket and dive below $0.5736 to examine it. The results could then even lead to a continuation of the dive further down. This alternative scenario is rated with a probability of 45%, after all.
BINANCE:IOTAUSD
by MarketIntel
1
IOTA looking weak - slowly climbing to 0.3IOTA looking weak - slowly climbing to €0.3 The former top 10 player (end 2017/18) looks like a failing project by it's chart. Unable to show signs of strength in a market that is clearly on an all out bulls race IOTA is even failing to break out the Keltner Channel or break the Ichimoku cloud conversion line. I would argue the market is clearly showing they are not that interesting the IOTA and letting it simmer at around #35 in terms of market cap. Looking at the market cap from a historic perspective IOTA's weakness becomes even more evident: Clearly the project is failing for investors to back the crypto coin and it remains a niche player. To be fair I have not read up on all of IOTA's news (IOTA year in review article translation below), but from what I gather it was a tumultuous 2020. Maybe the project has potential. For now it appears unattractive. --- IOATA's year in review From the involuntary Coordicide to the Trinity Hack, international cooperations, to developer disputes and the approaching 2.0 upgrade: IOTA has an exciting year in its bones. In the big review of the year, we take a look back and review the most important stopovers on the long way to IOTA 2.0. IOTA started the new decade a little badly. The Internet of Things project had problems with the coordinator again between 2019/20. The bad news: The central instance in the IOTA network suddenly couldn't create new milestones, transactions were waiting for their final confirmation. The developers got the problem under control quickly, but the start of the new year could have gone more smoothly for the Tangle network. IOTA with starting difficulties Shaken off the legacy of the brief Tangle standstill, IOTA headed straight for a new conflict, this time not of a technical, but of a personal nature. There was a crash between developers Sergey Ivancheglo and David Sønstebø, where everyone could hear it: on Twitter. It concerned the outstanding MIOTA amounts that Sønstebø owed the former developer. Actually not a message that directly affects the development of the Tangle network. But the external impact of publicly fought mud battles always falls back on the projects behind them, especially since this should not be the last dispute with Sønstebø, the developer with the distinctive facial hair. But more on that later. Apart from these frills and furbelows, there were also some success reports at IOTA. Together with the Eclipse Foundation, the IOTA Foundation set up the Tangle EE working group in February. The aim of Tangle EE is the development and industrial adaptation of Tangle-based applications. The working group forms an interface between research and industry and thus accelerates the constant commercialization of IOTA technology. Trinity Hack puts Coordinator in a coma But then the next setback: On February 12th, the Trinity Wallet, managed by the IOTA Foundation, fell victim to a hack. The loot: MIOTA tokens worth around 2.3 million US dollars. The attackers used a security breach in the connection to the payment service provider MoonPay to gain access to 50 seeds. The Foundation responded by disabling the coordinator (again) - The Tangle was silent. IOTA investors were able to secure their deposits using a seed migration tool, but the project was still subject to damage to its image, and IOTA was stuck in a crisis of meaning. The resuscitation of the coordinator took almost four weeks. No value transactions were possible during the period. The IOTA Foundation not only struggled with technical problems, but above all with a loss of confidence in the Tangle project, but tried to limit the damage. David Elseebø jumped in and compensated all cheated investors out of pocket. MIOTA course crashes The first quarter of 2020 was therefore more of one that fell under the “wipe your mouth, carry on” category. While the IOTA Foundation was slowly able to concentrate on its core business, the development of the coordinator-free Tangle architecture, the MIOTA course gradually went downhill. Triggered by the Trinity hack and fueled by the corona-related wave of sales at the Krypto-Mart, the digital currency went straight on a dive and lost two thirds of its value in just one month. From $ 0.33 on February 12, MIOTA fell to $ 0.11 by March 13. With new strength After a turbulent first quarter, IOTA remained relatively quiet in Q2. In the second half of the year, however, the project should pick up speed again. Hornet, the new software for network nodes, mastered the stress test in the Comnet test network at the beginning of June brilliantly. Hornet replaces the previous node software IRI and thus forms a further component in the Coo-free Tangle network. However, since it is easy to lose track in the tangle of tangles, the Foundation introduced a new nomenclature in July for the sake of simplicity. The register of terms serves as a guide and assigns the respective milestones on the way to the coordicide to different phases, from pollen to nectar to honey. With the TM forum, the Foundation announced a cooperation with the powerful alliance of over 850 companies just a few days later. The TM forum represents communication service providers, telephone companies, network operators, cloud providers, software developers and management consultancies worldwide with an annual turnover of more than 2 trillion US dollars. IOTA contributes the infrastructure for data exchange. On the way to IOTA 2.0 The EU has also recognized the potential of Tangle technology in the expansion of e-mobility and decentralized energy supply and named IOTA as the “Key Innovator” for participating in the CityxChange project in August as part of “EU Horizon 2020”. With the implementation of Chrysalis Phase 1, IOTA also passed another milestone towards IOTA 2.0 a few days later. In this regard, IOTA Streams, a framework for sending and receiving messages and data streams, was also able to look forward to a new update. With the integration of important beta functions, the processing time could be increased by 100 times. The pre-alpha version for the IOTA Smart Contract Protocol (ISCP) presented in October, with which IOTA could gradually compete with Ethereum for the implementation of smart contract-based applications, is also to be rated as a success. With the latest node software for pollen, which was integrated in October, the project has taken a big step towards 2.0. But despite the subsequent alpha release of IOTA Identity, a framework for decentralized identities, the introduction of the new wallet Firefly and the announcement of a number of partnerships, including With the Vienna University of Technology, ClimateCHECK and the Japanese organization NEDO, another message should burn itself into my mind: the separation from IOTA co-founder David Sønstebø. Differences of opinion and “significantly different interests” in relation to IOTA would ultimately have led to the amicable expulsion of the former chief developer. The decision was partly welcomed by the loyal IOTA following, as dealing with Sønstebø was considered rather difficult. Big goals It remains to be seen to what extent the separation from Sønstebø falls back on the schedule of the Coordicides, i.e. the final shutdown of the coordinator. IOTA took a big step towards 2.0 in 2020, the network has never been so close to its decentralization. We can therefore look forward to all kinds of developments and products in the New Year that will make the vision of a Tangle-based Internet of Things more and more a reality. The biggest chunk on the way there, the coordinator, should become history in the coming year. By then at the latest, IOTA will be able to demonstrate its undisputed great potential for applications in industry, science and research.
I
by CarpeMomentum
7
Iota Can Hit The Support Again Before The Next Move UpOn December 3rd 2019 I posted an article and on that post I revealed that the priceline of Iota had formed a big bullish butterfly pattern on weekly char. At that time the price action was just entered in the potential reversal zone of that pattern. And as per Fibonacci sequence of bullish butterfly it was expected that the priceline will take the bullish divergence from the PRZ level atleast up to the Fibonacci projection of A to D leg from 0.382 to 0.786 Fib projection level. And finally in very next month January 2020 the price action took a powerful bullish divergence and produced more than 119% bullish rally and moved down again. This time the Iota has even broken down the potential reversal zone of this bullish butterfly. Falling wedge and volume profile based move: We can also observe that on weekly chart the priceline of Iota is moving in a falling wedge and after this recent drop the price action has hit the support of this falling wedge. Even though the bollinger bands was above the support and there was a little bit distance between the lower bands of bollinger bands and the support of the falling wedge but the bearish trend was very strong therefore the the candlesticks has hit even beyond the support of this wedge and retraced back into the bollinger bands. If we place the volume profile on the complete price action moving within this wedge then we can see that the trader’s interest is very low below $0.115 and above $0.42. And the volume profile’s point of control is at $0.28. Therefore there are strong chances that whenever the priceline will be moved down than the area where the traders has low interest of trading then it will move up again at least up to the point of control of the volume profile. This is very positive sign traders don’t have interest upto the support. Bullish Crab pattern a bullish reversal signal: Now if we switch to the smaller time period and that is 2 day chart then we can see at the support of falling wedge the priceline of Iota has formed a complete a bullish crab pattern. The priceline has hit the just a spike in the potential reversal zone of this pattern and turned bullish. As per Fibonacci sequence the Crab pattern the price action was suppose to hit at least 0.382 to 0.786 Fib projection of A to D leg. And the candlesticks has already hit this zone. But I am expecting that the priceline will again give us another chance to catch it from the potential reversal zone and it will again turn bullish and start a proper bullish rally that can lead the priceline to hit the resistance of the falling wedge that has been formed on weekly chart. The potential reversal zone starts from $0.09 goes up to $0.119 but because we have a strong support of falling wedge therefore we can have another spike up to 9 cents or little bit more. But it will be very much difficult for the price action to break down the support and move up to the maximum extent of this potential reversal zone. 100 simple moving average support: And now if we switch to the more smaller time period chart and that is 4 hour chart then it can be clearly observed that the priceline is moving around the 100 simple moving average at this time. We also examine that the candlesticks are moving above this simple moving average and 100 SMA is holding the price action. Therefore I am expecting if the Iota will break down this 100 simple moving average support then it can again enter in the potential reversal zone or buying zone of the Crab pattern that has been formed on 2 days chart. Conclusion: On midterm the priceline can move down to reach that support again and after hitting the support Iota can turn very strong bullish to make another attempt to breakout the resistance on long term. And If it will be able to breakout from resistance then more powerful bullish rally can be started. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
IOTA Mid Term Technical Analysis | IOTA Formed Bullish ButterflyThe triangle and firm support: Since sep 2018 the 20th ranked leading cryptocurrency is moving within a descending triangle , during this period the price action is hitting second time on the support of triangle and also at the lower bands of Bollinger bands . One of the main reason that the priceline is not able to breakdown the support sofar is that the volume profile of complete pattern is showing very weak interest of traders at the support of triangle therefore whenever the price action hits the support the selling interest gets weak and the bulls take charge and take the price action up to the resistance of this triangle so this time again we can expect the bounce upto the resistance of triangle very soon. The ichimoku bear cloud is also getting squeezed. The oscillators: The relative strength index ( RSI ) has entered in oversold zone indicating that the sellers will be weak at this area and if we see the moving average convergence divergence then it is still bearish and fast length and slow length MAs are moving sideways but soon they can give bull cross signals, the stochastic RSI is also oversold and it can also give bull cross very soon. The harmonic move: If we zoon the corner of the triangle then we can clearly see that the price action has completed the formation of bullish butterfly pattern which can lead to breakout of triangle lets have a look at this pattern. After initial leg the A to B leg is retraced upto 0.786 Fibonacci then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg then final C to D leg is retraced between 1.27 upto 1.618 Fibonacci and here we have all legs driven as required for perfect bullish butterfly . Now we are in potential reversal zone of this pattern and from there the priceline should move up between 0.382 upto 0.786 Fibonacci projection area of A to D leg so this move has capacity to give upto 66% profit but if the candles sticks will be closed above 0.786 Fibonacci levels then the price action may have breakout from the resistance of this descending triangle’s resistance so we can set our buying and sell targets as below: Buy between: $0.2025 to $0.1713 Sell between: $0.2267 to $0.2853 Regards, Atif Akbar (moon333)
Long
by moon333
IOTA Technical Analysis - IOTAUSD - 37%-326% Profit ExpectedIOTA - IOTAUSD - Technical Analysis - 37%-326% Profit Expected Get Ready For A Big Move ... 3x - 4x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 0.24 - 0.64 (37%-326% Profit Expected) TP - 1 - 0.24 TP - 2 - 0.33 TP - 3 - 0.40 TP - 4 - 0.47 TP - 5 - 0.55 TP - 6 - 0.64 Buying Zone! Long Position Early Entry Trigger Point - 0.16 - 0.19 Ideal Entry Trigger Point - 0.12 - 0.15 For Bigger Time-Frame ***If you want to get in this trade from this point 0.28 you can still make 18% profit till TP2 is reached. There is a very high probability that price may continue to move upwards before it moves downwards towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Short-term Trade- 1hr- chart I see a possible move going upwards and may hit 0.33 or it can even touch 0.37 mark that's why I have marked the points in a chart for a short-term long position too. As it's a short term trade, it is highly recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
BINANCE:IOTAUSDLong
by Jaffery
2