$IOTA - The giant is waking up..We've reached weekly supply. We only touched this level once in the last 2.5years. I don't expect us to get straight through, it would be much healthier if we're to burn out here, and retrace for a healthy re-accumulation - before we head into a true euphoric run.
Long term, chasing 10x from the bottom of the retrace that is hopefully to come.
I've sold a nice mount and am looking for a rebuy.
Iotausdt
IOTAUSDT - Inverted Head and Shoulder Pattern. Bulls Ahead! Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
IOTA/USDT Getting Prepared to Fly 🚀 🚀 🚀 💡 Trade Idea
📈 Buy Limit IOTA/USDT @ 0.3987
🎯 Target Profit 0.4431
🛑 Stop Loss 0.3839
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a corrective channel before succeeding to break it to the upside. A lower correction is seen to the daily support @ 0.3989 where we have the 61.8% Fibonacci retracement level. Our expectation now is a move upwards to the 0.0444 mark.
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IOTAUSDT - INVERSE HEAD AND SHOULDERS PATTERNANALYSIS 🔎
- IOTAUSDT is printing the inverse head and shoulders pattern on the weekly timeframe.
- This is a trend reversal pattern.
- It is a bullish pattern.
- RSI is printing a bullish divergence signal.
- Price brokeout above the the previous swing high and is testing the neckline resistance.
BUY ENTRY ⬆️
- Breakout above the neckline resistance.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's support level.
$IOTA/USDT 1h (Binance Futures) Ascending triangle breakoutMiota broke out of that triangle and is looking ready for a leg up in my opinion.
Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730
Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
IOTAUSD D1: XABCD BULLS 50% correction possible(SL/TP)(NEW)IOTAUSD D1: XABCD BULLS 50% correction possible(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IOTAUSD daily chart review
::: XABCD BULLS in progress now
::: currently CORRECTION MODE
::: 50% losses possible
::: BUY LOW point D / PRZ
::: right now SHORT into BOUNCE
::: up to 50% gains on sell side
::: short-term BEARISH
::: up to 50% downside from here
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: details: see chart
::: recommended strategy: SHORT/HOLD after correction
::: TP BEARS +50% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment short-term: BEARS/CORRECTION
IOTA/USD - Bullish ascending triangle, wait for support touchIOTA touched the top of the ascending triangle and is likely to retrace at the $0.30 cents support before we can push higher.
The chart structure looks bullish overall, therefore expect a push out of the ascending triangle to test the major resistance at $0.55.
This is the most likely scenario unless BTC pushed lower towards 20k.
Like and follow!
✳️MIOTA/USDT (24/11) View + Trading Plan #IOTA $IOTAIOTA is at the key resistance of 0.4$, and where to close the 1D candle will be crucial to the next trend of IOTA.
If IOTA conquers this 0.4$ zone, it will rise to the 0.5$ zone and a high possibility will continue to the 0.55$ or even 1$ zone.
However, if IOTA fails at the 0.4$ zone, IOTA will easily plummet to the 0.3$ or even 0.2$ zone.
📈BUY- LONG
-Buy: 0.38-0.4$ if A, SL if B
📉SELL-SHORT
-Sell: 0.475-0.5$, SL if A
-Sell: 0.55-0.575$, SL if A
-Sell: 0.95-1$, SL if A
♻️BACK-UP
-Sell: 0.38-0.4$ if B, SL if A
-Buy: 0.285-0.3$, SL if B
-Sell: 0.285-0.3$ if B, SL if A
-Buy: 0.19-0.2$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"