Iotausdt
IOTA Buy a break.IOTAUSDT - Intraday - We look to Buy a break of 1.426 (stop at 1.376)
Daily signals are bullish.
Pivot resistance is at 1.410.
A break of bespoke resistance at 1.420, and the move higher is already underway.
We look for gains to be extended today.
Short term bias has turned positive.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.567 and 1.662
Resistance: 1.420 / 1.470 / 1.500
Support: 1.340 / 1.280 / 1.200
IOTA - next target 2.18 USD (1.62 FIB)Our strong demand zone at 1 - 1.2 USD held while MACD on the daily is about to turn green. Iota is picking up momentum to the upside while the entire crypto market cap is decreasing. Once Bitcoin finds its bottom or bounces back up again, I think FIB 1.62 (2.18 USD) is feasible for Iota within the coming weeks.
The progress of the Iota Ecosystem is astounding. Chrysalis part 2 and Smart Contracts enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin. The demand will increase exponentially, once we see Iota being used to pay in the m2m economy.
This is no trading advice.
Good luck!
IOTA Buy a break.IOTAUSDT - Intraday - We look to Buy a break of 1.251 (stop at 1.199)
Daily signals are bullish.
Pivot resistance is at 1.240.
A break of bespoke resistance at 1.240, and the move higher is already underway.
Pivot resistance is at 1.410.
Short term bias has turned positive.
Our profit targets will be 1.396 and 1.521
Resistance: 1.240 / 1.300 / 1.400
Support: 1.150 / 1.100 / 1.020
IOTA Buy the dip.IOTAUSDT - Intraday - We look to Buy at 0.993 (stop at 0.923)
Daily signals are bullish.
Trading close to the psychological 1.000 level.
Dips continue to attract buyers.
We look to buy dips.
Pivot support is at 0.939.
Our profit targets will be 1.193 and 1.273
Resistance: 1.120 / 1.200 / 1.280
Support: 1.000 / 0.950 / 0.900
IOTA/USDT Potential Downward Movement 🔨🔨🔨Technical Analysis :
On the 1-hr time frame the price found liquidity around the 1.3000 level where the sellers jumped in and smashed the buyers and pushed the price downward. Now, we have wedge formation where the price broke out of the pattern to the downside, and it might cause a further move to the downside toward the 0.9872 mark.
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Trade Idea:
Sell Stop Order @ 1.1650
Take Profit @ 0.9872
Stop Loss @ 1.2541
Trade Safely 🙂
IOTA Might Be Smashed by the Sellers 🔨 🔨 🔨 💡 Trade Idea
📈 IOTAUSDT | Sell Stop Order @ 1.1650
🎯 Target Profit 0.9872
🛑 Stop Loss 1.2541
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is trading within a wedge formation where the pair found liquidity around the 1.3000 mark. A breakout of this pattern is seen to the downside where we expect further movement to the 0.9872 level.
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IOTA - strong demand at 1 - 1.2 USDFinally, the long-term holding of IOTA started to bear fruit. IOTA broke out of its accumulation phase and gained around 275% (0.42 to 1.6) since it has gone parabolic. Fundamentally, due to strong partnerships and Chrysalis part 2 soon-to-be released on the main-net, IOTA is becoming production ready with more and more use-cases emerging. Currently, many networks come with high transaction costs (such as BTC, ETH etc.) and IOTA can shine thanks to its fee-less nature.
However, the crypto currency market is generally still strongly correlated and today we experienced a strong selling activity. Iota fell back to 1 USD, but buyers are strong at 1 - 1.2USD/Iota while selling pressure is high above 1.3USD.
Technically, we broke down from our channel, due to lack of buying power and less volume occurring. We might experience more downward pressure which could lead to more wicks to 1 USD (0.5 FIB). Personally, I keep accumulating in the 0.9-1.1 USD region. For now, on the 4 hourly sellers seem exhausted.
This is no trading advice.
Good luck!
IOTA ascending triangle againIOTA setup looking quite promising. things are a bit shaky at the moment with BTC doing a slight correction, but we've seen IOTA hold up pretty well despite this over the last few days.
Anyway TP just on the FIB at 1.67. SL at the last low from several days ago at 1.2763
Entered at the bottom of this ascending triangle.