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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
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.
BINANCE:IOTAUSD
by ReadBTC
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
BINANCE:IOTAUSD
by ReadBTC