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Iotausdt

IOTA USD formed bullish BAT | Upto 81% potential trading ideaPriceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019. Stochastic entered in oversold 1st time since after Feb 2019. I am expecting the next candle stick will be closed sideways or within the PRZ area rather than closing below the PRZ so we can wait for next candle stick whether it will breakdown the PRZ support or will move up back into this zone. I have used Fibonacci sequence for targets definition. Buy between: 0.3036 to 0.2716 Sell between: 0.3797 to 0.4939 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
$IOTA - Time to accumulate.We're either on the brink of an Alt Season with BTC.D capping out at the 200MA weekly, or we're about to start creating a trading range. (or just another bearish retest before dropping lower - trade what is, not what you want it to be.) Trading Range Entries/Exits: Lowest Red Range = TP1 Highest Red Range = TP2 Lowest Green Range = Accumulate in/above. Stop loss below current lowest low by 3%. Trade current trend: Acquire: 2280 - 2300 Targets: 2350 > 2388 > 2470 > 2510 > 2572 Stop loss: 2235
Long
by The_Paradoxed_Prophet
1
IOTUSD has completed the bullish setup | Upto 1052% profitThe IOTUSD was moving within a descending triangle and left the triangle without breakout or breakdown. Since july 2017 the price action has found a strong support of $0.2051 and this support is not broken sofar. The bollinger bands is extreme squeeze which is an indication of a massive move up or down soon. MACD gave weak bull signals since sep 2018 and now it is strong bullish since aptil 2019. After the death cross of jun 2018 the 10SMA is making golden cross with 20SMA and both moving averages has crossed down the priceline as well to lift the price action up insha Allah. The sell targets are: 1st target: $2.26 2nd target: $2.90 3rd target: $3.72 Final targets;$ 4.68 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
2
IOTA - Under The Empty VoidAfter the pump caused by the news of IOTA's partnership with Jaguar Land Rover, it had since then fully retraced and fallen back down. This is highly bearish as it shows a lack of follow through and continuation from the bulls. IOTA/BTC pairing is currently showing a very decent risk to reward for bears as a breach of the recent low, which is also the all time low, will cause intense fear and a bunch of stop-loss cascade. There is no support left for IOTA, it's just a matter of when the support breaks. I believe this is a great gamble given the high r/r ratio here for shorts.
Short
by Ernest_Ar
IOTA - Hopium, Hopium, and Hopium...IOTA is looking slightly bullish on the daily timeframe as it is about to break out of the triangle. Not to mention, bulls did an amazing job defending the daily MACD cross right at the zero mark. On the weekly timeframe, we can see the RSI making a potential inverse head and shoulders pattern. Similar to every inverse head and shoulders pattern, we must wait for the break of neckline resistance as confirmation. Using a variety of synthetic currency pairs, we can compare the strength/weakness between IOTA and other cryptocurrencies. In this example, we will use synthetic pair IOTUSD/NEOUSD which simplifies into IOT/NEO. There's a very visible bearish divergence in MACD, RSI, and Stochastic. There's a possibility that money from algo traders that are trading synthetic currency pairs may go into IOTA due to its temporary weakness against other cryptocurrencies. But keep in mind, this is simply a method to compare the strength/weakness between two highly correlated asset. USD value of IOTA does not necessarily have to go up in order for IOT/NEO to go down. Using IOT/ETH pairing, we could see that we're approaching a long term support trendline with a double bottom starting to form. This further supports my point in IOT/NEO: IOTA should theoretically gain strength compared to other cryptocurrencies in the coming days or weeks. Just like every single double bottom, a retest of the neckline is necessary. The neckline support must hold or else it would indicate that IOTA is still too weak. Feel free to share your long-term bearish ideas, it's always good to know both sides.
BITFINEX:IOTUSDLong
by Ernest_Ar