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Iotausdt

IOTA/USDT forms the Triangle PatternIn the time frame D1, IOTA/USDT goes sideway and forms the Triangle Pattern, characteristic of complex waves according to Elliott wave Targets at the connections forming the upper support line of the triangle Buy at $0.2990 - $0.3010 Target 1: $0.3300 Target 2: $0.3900 Stoploss: $0.4400 Risk / Rewark Ratio Tp1 = 2.26 Risk / Rewark Ratio Tp2 = 6.78 Risk / Rewark Ratio Tp2 = 10.41 ** If you like our content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by DrDarvas
IOTAUSD - 1D Chart AnalysisAs with Ethereum, the price of Iota has followed the same pattern with 3 different occasions : 1. The price increase which was registered on the 15th of December has been announced by the MACD's crossover on the 10th, the RSI's level of 48 registered with one day before and confirmed by the Stochastic with it's "fast" line coming above the "slow" one on the 16th. As a result we could see a price increase which lasted 26 days (out of which 23 were of bullish trend) and a total growth of 0.1616$ or almost 75%. 2. On the 10th of January, when the price went below the 20 days Moving Average and when the bearish trend has officially started, the RSI had a neutral position at 44, signaling that there were small chances to see an aggressive movement after the big drop in the same day. On the other hand, the ones which have announced the trend change were the Stochastic, which has registered a crossover on the 4th of January and the MACD which went below the Signal on the 9th. As a result, we could see how the price has dropped and we can consider this period more like one in which the price has slowed down, as long as the daily average movement was constantly low for this sector. 3. The last was the price increase which we could see on Friday, the 8th of February. In this scenario, the change in the price direction has been announced first by the RSI, which had the level of 30 and by the Stochastic's crossover registered on the 6th. This movement has been confirmed on the second day by the MACD as well, with it's Signal positioning on the bottom. Today, these 3 indicators are in contradiction, as it follows : * The RSI has a neutral position, at the level of 46, meaning that there is no "impulse" coming soon; * The Stochastic is about to register a crossover, meaning that a possible price decrease may start anytime soon * The MACD is still above the Signal, meaning that the bullish trend which has just started is not over yet. As we can see, the technical indicators are showing different directions, more like on the 16th of December, but if the trading volumes will remain at least constant, it is possible to see the price of Iota setting a new height around the level of 0.31$ for the upcoming days.
BINANCE:IOTAUSD
by ReadBTC
IOTAUSD - 1D Chart Analysis The end of the year has represented a good period for Iota, with it's price increasing from 0.2506$ on the 17th of December to 0.3726$ on the 10th of January, registering a total growth of 48.63%. Although the odds were looking favorable, the coin was pressured afterwards by the drop of the market capitalization, with the investors being concerned more about the stock market earnings season. In other words, once the bearish trend on a 1D chart was settled on the 10th of January, we could see a period in which the price evolution was slow and inconsistent, followed by 6 consecutive days of losses (including today) caused mainly by the very low trading volumes. And even if the RSI and the Stochastic are close to their "oversold" levels, the MACD is still below the Signal, meaning that it's possible that the price to slow down for a couple of days and then to drop again. Considering also that in the following days we'll have companies like Apple, Pfizer, Verizon and other big names coming up with their financial results, it's possible for the total market capitalization to continue it's negative rally and also for the price of Iota to go towards 0.2050$. The save up may come from the FED if it will take a surprising decision on Wednesday, but the chances are fairly small.
BINANCE:IOTAUSD
by ReadBTC
IOTAUSD - 1D Chart AnalysisIota is also one of the crypto currencies which has the price in the "middle" and like the rest, it's price has dropped starting with the 13th of November being influenced by the massive decrease of the market capitalization and since then it has started a sideways movement. At this stage, it is traded below the Pivot Level (average price) for 1 week and as long as the trading volumes will remain the same, the chances to see a big change in the price movement are quite low. From the technical perspective, the Stochastic is very close to the level of 20 but the %K (blue line) seems to be about to cross the %D (red line), indicating a slight drop of the price. On the other hand, the RSI is 29 and it's position is indicating a possible increase of the price, confirmed as well by the MACD as long as the latter has just crossed the Signal. Having this contradiction between the technical indicators we can expect another short period of time in which the price has big chances to move sideways, close to the Pivot's value. If the trading volumes will remain at the same level, the awaited "correction" of the price can last longer and a possible target price can be 0.2059$.
BINANCE:IOTAUSD
by ReadBTC
IOTA Full Setup Next Target 61% !!IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels, Long - 7700 Target Will be First Target 8200 & second 11000. if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000. I hope that Price can fly From Buying zone. Share Your Opinion in Comments. if You Satisfied With My idea Then Dont Forgot To Hit Like. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Long
by TRADiNG_hub
IOTA - Large scale potential Hi guys, this is my first IoT trade idea. I would be looking to make a long position as the price has broken above the descending triangle formed in early May 18' and looks as if it is currently re-testing this trend-line. The previous market high was $5.8 - the current price is 94% lower than that at $0.504. This presents a rather lucrative trade. The Internet of Things market is predicted to consist of 26 billion units by 2020 - up from 0.9 billion units in 2009. According to researchers, this would generate 14.4 trillion in value; combination of increased revenues and decreased costs dispersed among companies by 2022. I have not done enough research into this project to have confidence to invest myself or to advise any others to invest, but the sheer numbers of the potential IoT market should be incentive enough to encourage you to have a look into the prospects of this platform. Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade. If you stick by a smart trading plan you can substantially reduce your exposure to losses.
BITFINEX:IOTUSDLong
by StirlingBishop
IOTAUSD - 1D Chart Analysis After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created. Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows : * The RSI has reached a maximum level of 55 and it started to retrace * The stochastic is very close to a crossover above the level of 80, meaning that the price is "overbought" and we are waiting for a trend change * The upper standard deviation of the Bollinger Bands has been touched by the price, meaning that the latter is considered "overbought" * The trading volumes are getting lower and without any fundamentals, the price seem to start a slight decrease. In this situation, it seems that the next important moment will be the intersection of the price with the 20 days Moving Average and from there, we will have 2 possible scenarios : * If the price will bounce back from the 20 days MA, there are big chances for the Resistance Level of 0.5229$ to be "tested" again * If the price will go below the 20 days MA, the next possible "stop" will be the Support LEvel 1 of 0.4702$
BINANCE:IOTAUSD
by ReadBTC
IOTAUSD - 1D Chart AnalysisAfter the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process. The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot be considered "Bullish" yet, as the price is still located between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands. On the other hand, MACD's Moving Averages have just intersected, showing a possible continuation of the uptrend with the first obstacle at the Pivot Level of 0.4891$. * If this level will be broken, the next target price is the Resistance Level 1 of 0.5026$ * If the price will fail to broke the Pivot Level, the target price is 0.4662$
BINANCE:IOTAUSD
by ReadBTC
IOTAUSD - 1D Chart AnalysisAfter yesterday's failed attempt of crossing the 20 days Moving Average, we could see today another negative evolution of the price, confirming the bearish trend which started on the 11th of October. Other factors that we might consider for this scenario would be the RSI which seems that is heading to the "oversold" area, the Stochastic's crossover which is indicating that the price will start to decrease and the MACD which is clearly indicating that the downtrend is not finished yet. As possible targets, we can first consider 0.4708$ or 0.4600$ in extension.
BINANCE:IOTAUSD
by ReadBTC