IOTA/USD from 145 to 1050% profit potentialHello!
IOTA is in an interesting position, do you agree?
I singled out all the old goals, new ones are possible.
ITS NOT financial advice!
Iotausdt
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 $0.504. This presents a rather lucrative trade.
The Internet of Things market is predicted to consist of 26 billion units by 2020 - up from 0.9 billion units in 2009. According to researchers, this would generate 14.4 trillion in value; combination of increased revenues and decreased costs dispersed among companies by 2022.
I have not done enough research into this project to have confidence to invest myself or to advise any others to invest, but the sheer numbers of the potential IoT market should be incentive enough to encourage you to have a look into the prospects of this platform.
Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade.
If you stick by a smart trading plan you can substantially reduce your exposure to losses.
IOTAUSD - 1D Chart Analysis
After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, 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$
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$
IOTA/USD falling wedgeThe chart pretty much explains itself. Will IOTA go further down inside the falling wedge or will it break out? Depends very much on $BTC as well.
IOTAUSD - 1D Chart AnalysisAfter yesterday's failed attempt of crossing the 20 days Moving Average, we could see today another negative evolution of the price, confirming the bearish trend which started on the 11th of October.
Other factors that we might consider for this scenario would be the RSI which seems that is heading to the "oversold" area, the Stochastic's crossover which is indicating that the price will start to decrease and the MACD which is clearly indicating that the downtrend is not finished yet.
As possible targets, we can first consider 0.4708$ or 0.4600$ in extension.
IOTAUSDIOTA / USD
Can form a double bottom pattern
It will be necessary to monitor the support zone at $ 0.48
IOTAUSDIOT/USD
Broke symmetrical triangle up
The immediate goal is 0.64-0.65 $
Good zone for buy: 0.57 - 0.58$
Stop 0.55$
IOTAUSD - 1D Chart AnalysisLike for the rest of the coins, the price of Iota has also started to slow down it's daily movement average based on a lower trading volume.The actual sideways movement has started on the 6th of September and it doesn't seem to be over as long as there are no strong fundamentals yet. On a very short period of time, as long as the price will stay above 0.5638$ (Pivot Level), the next possible targets are 0.5844$ (Resistance Level 1) and 0.6232$ (Resistance Level 2) in extension.
This first scenario is supported by Stochastic which is indicating that the trend may continue, by the MACD line which is still above the Signal one and it can be confirmed by the Bollinger Bands as well. The opening price of the current candlestick it's higher than the 20 days Moving Average and if the closing price of it will be bigger than 0.5727$, we'll get the confirmation we are looking for.
On the other hand, if the price will fail to end up the day higher than 0.5727$ and it will also cross the Pivot Level, the next possible targets are 0.5456$ (Support Level 1) and 0.5250$ (Support Level 2) in extension.
IOTAUSD - 1D Chart AnalysisAfter a sideways movement that started on the 6th of September, the price is getting close for the 5th time this month to the the Support Level of 0.5238$ where it had difficulties in advancing towards lower values on the previous 4 attempts.
With the RSI on neutral position and with the Stochastic indicating that the price will register lower values, the bearish trend can be confirmed by the price at the end of the day. If the latter will finish the day lower than 0.5574$, it will create a red candlestick below the 20 days Moving Average and the possible targets are :
* 0.5091$ - the lower band of Bollinger
* 0.4384$ - level which wasn't reached since the 16th of August
On the other hand, of the price will reach the Support Level of 0.5238$ and it will fail one more time to break it, then the possible targets will become :
* 0.5849$ - Resistance Level 1
* 0.6681$ - Resistance Level 2
IOTA - short down for the retest of the lows.IOTA formed an expanding flat, so expecting another leg down to retest previous lows atleast. We can possibly even break them to make new lows. Shorts are the way to go right now considering both ETH and BTC look pretty weak atm.
Let's change our point of view(IOTA)Alright guys here we go again with new chart of IOTUSD..check the similarities if 1 is 1'
2 is 2' and 3 is 3' then we are going super bullish but ,to have a bull run we have to break some serious resistance lines and the first is BTC to brake to 7150 then 8430 and after all and most important is to break the 10k levels..let's observe and see..
IOTAUSDT Forming Cup And Handle PatternIOTA/USDT
(2H Chart)
(Bullish)
Forming Cup and Handle Pattern and to retest resistance at 0.236 Fib/0.79
Still bearishI don't know about you guys but all i see is a huge bear flag and the preparation of a big fall...i have been off for several months and all i was doing was to observe the market..all i think is that BTC will hit a range of 4k-5k no matter what or maybe to a flash crash around 3.5k..it's all depending to the BTC approval of the SEC..the next weeks will be extremely interesting but my prediction of the BTC price at the end of the year is around 18k~20k ...for now it's still bearish and it will be..do not forget the most of the coins and especially the IOTA was x10 from early-mid november(2017) to early january(2018)..keep that in my mind...
!!!DO NOT CONSIDER THIS AS A TRADING ADVISE
IOTA/USD - 1D Chat AnalysisAfter the Bearish trend was confirmed at the end of July the market started to correct since the 16th of August.
The RSI jumped from the "oversold" area and the MACD line just crossed the Signal line showing the beginning of the uptrend, at least for the short time.
If the price will break the resistance level of 0.6629$ it can be considered the confirmation of a Bullish trend. If not, the chances for the support level of 0.49$ to be reached again are quite big.
IOTA reaches lows at 40 Cents - Bull reaction normalHello my dear IOTA traders & hodlers,
IOTA reached 40 Cents, almost the same lows before the December parabolic moves: A reaction from the bulls here is very normal & healthy. Depending on grandpa Bitcoin, we could still see some upward potential to 66 Cents.
If Bitcoin cannot break the neckline, obviously we have downward potential up to 35 Cents at least.
I whish you a wonderful weekend! ;) If you're gonna trade in this environment, please make sure to set your stop loss!
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTA/USD - 1H AnalysisThe price has stared to move sideways since the 14th of August.
Ideal Scenario : With the RSI on a neutral position and with the MACD above the signal line, we are just waiting for the first candle to close on green above the 20 Days Moving Average as a confirmation of a short term uptrend towards 0. 4765$.
Alternative Scenario : If the first candle will close on red above the 20 Days Moving Average and if the MACD will cross the Signal line, the changes of having a short term downtrend towards 0.4360$ will be increased.
