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Iotausdt

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 struggling around EMA 50 (Weekly)IOTA/USD Weekly & Daily Chart. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BINANCE:IOTAUSD
by CryptoTrend-Alerts
3
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! Do not leave without like, and if you liked my analytics sign up, and you definitely will not miss anything!
by CryptoYanina
1
ALTCOIN IDEAS TO LOOK BEFORE BITCOIN HALVING ON MAYMany Altcoins have broken their trendlines. Bull is still on unless we break important support levels. Here are the altcoins that I am trading for longer term before halving event on May 2020. My stop levels may change depending on outlook on Bitcoin and Bitcoin Dominance. Cardano Entry: 0.04115 Exit: 0.07049 Stop: 0.02656 Binance Coin Entry: 17.1577 Exit: 28.8171 Stop: 11.8902 BitTorrent Entry: 0.0003694 Exit: 0.0008752 Stop: 0.0002462 Dash Entry: 114.872 Exit: 275.328 Stop: 36.365 Doge Entry: 0.002381 Exit: 0.00377533 Stop: 0.00171455 EOS Entry: 3.7771 Exit: 7.2152 Stop: 2.1125 Ethereum Entry: 166.09 Exit: 272.13 Stop: 113.04 IOTA Entry: 0.236 Exit: 0.4231 Stop: 0.1424 ChainLink Entry: 2.3766 Exit: 4.5807 Stop: 1.4373 Litecoin Entry: 56.8 Exit: 101.16 Stop: 34.57 Neo Entry: 11.037 Exit: 20.021 Stop: 6.553 OmiseGo Entry: 0.7724 Exit: 1.2212 Stop: 0.5498 Trib Entry: 0.0169 Exit: 0.0292 Stop: 0.01084 Waves Entry: 0.8834 Exit: 2.1742 Stop: 0.2412 Stellar Entry: 0.05379 Exit: 0.07923 Stop: 0.04141 Monero Entry: 65.8 Exit: 106.81 Stop: 43.4 Ripple Entry: 0.22907 Exit: 0.34225 Stop: 0.1736 Tezos Entry: 1.4411 Exit: 2.8568 Stop: 0.7295 Take it easy team. See you on the next one. Let me know what your altcoin picks are. ~Bo Bugra
Long
by MegalodonTrading