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Iotausdtrade

A sign!--- Please if you find this informative and/or agree with the idea don't forget to give a like. Thank you! --- This is an update from my previous idea, plz here you can find attached. It is an important event in nature as it is the intersection with the MA200. We don't know for sure the outcome of this action, although at least we expect some interesting movement here. Nice, isn't it? From a 4h view we've been above the moving average for few hours already, but jut starting. How far do you see Iota performing this summer? Please feel free to leave any comment. Thanks again!
Long
by harribatu
1
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
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
IOTAUSD hitting support of pennant | A good long opportunityPriceline of IOTA / US Dollar is moving within a bullish pennant. Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support. Volume profile of complete pennant is showing less interest of traders here. 200 SMA has crossed down the priceline to lift the candles up. MACD turning bullish. I have defined targets using Fibonacci sequence: Sell between: 0.2765 to 0.2855 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
1
IOTAUSD formed bullish BAT | A good long opportunityPriceline of IOTA / Tether US , US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at the PRZ level. MACD is strong bearish and Stochastic is in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.2739 to 0.2700 Sell between: 0.2751 to 0.2801 Regards, Atif Akbar (moon333)
Long
by moon333
IOTAUSDT forming bullish Shark | A buying opportunity aheadPriceline of MIOTA / Tether US is forming bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.2657 to 0.2607 Sell between: 0.2707 to 0.2814
Long
by moon333
IOTAUSD is forming bullish BAT | Another good long opportunityOn short term 1 hr chart after forming a bullish BAT pattern priceline of XRP / US Dollar is forming another bullish BAT pattern , sofar all legs are driven as required for BAT therefore I am expecting the last leg will be retraced between 0.786 to 0.886 fibonacci and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 0.2545 to 0.2478 Sell between: 0.2562 to 0.2651 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
IOTAUSDT has formed bullish Shark | Utpo 38% possibilityAfter forming a bullish Shark the priceline of IOTA/ Tether US has formed another bullish Shark pattern and entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Sofar the price action has just hit the spike in PRZ area but MACD and stochastic are strong bearish therefore I am expecting that the price action will give another chance to catch it from potential reversal zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.2368 to 0.2152 Sell between: 0.2555 to 0.2980 Regards, Atif Akbar (moon333)
Long
by moon333
5
IOTAUSD formed a bullish Shark pattern|Upto 123% potential tradeAfter completion of gartley pattern the priceline of IOTA / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area can be used as stop loss in case a complete candle stick closes below this area Volume profile of complete pattern is showing less interest of traders at this area. MACD is turning bullish Stochastic is oversold but did not give bull cross. I have used Fibonacci sequence to set the targets: Buy between: 0.2612 to 0.2052 Sell between: 0.3288 to 0.4595 Enjoy your profits and regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
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
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