💡Don't miss the great buy opportunity in IOTAUSD @iota
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2663).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5745
TP2= @ 1.8226
TP3= @ 2.1680
TP4= @ 2.3656
TP5= @ 2.6258
SL= Break below S2
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Iotausdlong
IOTAUSD: Analysis using Ichimoku 19/06/2020H4
At D1, the Ichimoku cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4 and selling when the RSI reaches the overbought.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
We recommend buying because the price went beyond the downtrend at H4, while the RSI on the H1 has reached the level of oversold.
We also recommend selling when the RSI reaches the overbought level on the H1 and H4.
Good luck!
IOTA: Analysis using Ichimoku 13/06/2020H4
The price is below the Ichimoku cloud, indicating a downward trend. The price also tested the Fibonacci level of 50% and the lower border of the rising channel.
RSI has reached oversold levels.
Conclusion:
We believe that it is worth buying at the market price now. Price declines are likely was false.
H1
Price is trading below the Ichimoku cloud. RSI located near oversold level, indicating sellers are weak.
Also, a divergence has formed between the RSI and the IOTA price and downtrend line has been overcome.
Conclusion:
We recommend buying IOTA now because most indicators indicate the end of the price decline.
Good luck!
IOTA: Analysis using Ichimoku 08/06/2020H4
The price is trading above the Ichimoku cloud, indicating an uptrend.
RSI is slowly falling towards the level of oversold, indicating the presence of correction and weaknesses of sellers.
Conclusion:
We recommend buying from a key Fibonacci level of 61.8% and when the RSI level is oversold.
H1
The price is gradually falling, moving under the Ichimoku cloud. Visually there is a correction within model of a wedge.
RSI new lows at the oversold level, keeping the price above 0.2.
Conclusion:
We recommend buying from a key Fibonacci level of 23.6% and when the RSI level is oversold.
Good luck!
IOTAUSDT - Easy on Challenges! Trade with pleasure!🤑Good afternoon, colleagues! To everyone who holds this coin in their portfolio or trades - a very interesting picture emerged from its analysis. Now we have come to a very strong level of resistance, which is also the middle boundary of the channel. Most likely it will not be pierced right away. And expect a small pullback for refueling.
Support Levels (locally) 0.29-0.283. Below are two strong levels of 0.25 and 0.22. In the breakdown of which we fly to update the bottom.
It will be possible to talk about the start of mining the double bottom on the daily chart only when the upper boundary of the channel or zone 0.45-0.5 is broken. Higher price of this coin until it rises.
Also, do not forget about the high probability of Bitcoin going to 5500. Then we will see updates to the bottom of IOTA.
In any case, we do not lose the opportunity to earn money. The nearest areas of the seller are indicated on the chart. Trade with pleasure !!!
Success and profit!
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IOTAUSD formed bullish BAT pattern | Upto 11% movePriceline of IOTA / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2673 to 0.2631
Sell between: 0.2772 to 0.2921
Regards,
Atif Akbar (moon333)
IOTAUSD formed bullish BAT | Upto 13% move expectedPriceline of IOTA / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2505 to 0.2454
Sell between: 0.2615 to 0.2786
Regards,
Atif Akbar (moon333)
IOTAUSD hitting support of pennant | A good long opportunityPriceline of IOTA / US Dollar is moving within a bullish pennant.
Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support.
Volume profile of complete pennant is showing less interest of traders here.
200 SMA has crossed down the priceline to lift the candles up.
MACD turning bullish.
I have defined targets using Fibonacci sequence:
Sell between: 0.2765 to 0.2855
Regards,
Atif Akbar (moon333)
IOTAUSD formed bullish Cypher | A good long opportunityPriceline of IOTA / US Dollar has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2695 to 0.2682
Sell between: 0.2705 to 0.2730
Regards,
Atif Akbar (moon333)
IOTAUSD formed bullish BAT | A good long opportunityPriceline of IOTA / Tether US , US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at the PRZ level.
MACD is strong bearish and Stochastic is in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2739 to 0.2700
Sell between: 0.2751 to 0.2801
Regards,
Atif Akbar (moon333)
IOTAUSDT forming bullish Shark | A buying opportunity aheadPriceline of MIOTA / Tether US is forming bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2657 to 0.2607
Sell between: 0.2707 to 0.2814
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