#IO/USDT#IO
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.45
We have a downtrend and the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.48
First target 1.57
Second target 1.70
Third target 1.83
IOTUSD
IOTUSD Sell TF H4. TP = 0.1763On the 4-hour chart the trend started on May 30 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1763
But do not forget about SL = 0.2256
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
IOTA Is Looking For A Bigger RecoveryIOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023.
It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for wave (C) or (3) at least towards 0.30 area, we need to see a rebound back above trendline and 0.20 first bullish evidence level. Bullish confirmation is above 0.24 region, while invalidation level remains at 0.15.
#IOTA is Solid, Adds 20% as Prices Recover from $0.24Past Performance of IOTA
IOTA prices are relatively solid at press time. Although there were hints of weaknesses on September 25, the recovery earlier today has been nothing short of stellar. The bounce means the coin is in a bullish trajectory following the complete reversal of yesterday's losses. As an illustration, it is up roughly 20 percent from last week's lows, anchoring its leg up at around $0.24.
#IOTA Technical Analysis
From the daily chart, IOTA is firm and price action is bullish. The immediate support is at $0.24 while resistance is around $0.36, or August 2022 highs. Notably, prices have broken out from a descending channel following today's bullish engulfing bar. Therefore, buyers have the upper hand from an effort versus result perspective. Subsequently, buyers can ramp up on dips targeting $0.36 or August 2022 highs in the short term. This preview will continue to hold as long as prices are trading above $0.24—last week's lows and, for cautious traders, above today's lows at $0.27.
What to Expect from #IOTA?
Traders are bullish, and buyers have succeeded in soaking in intense selling pressure. Since prices have broken above the descending channel, IOTA is recovering as the coin bottoms up after sharp losses over the last nine months.
Resistance level to watch out for: $0.36
Support level to watch out for: $0.24
Disclaimer: Opinions expressed are not investment advice. Do your research.
#IOTA Upsides Limited, Resistance at $0.32 Past Performance of IOTA
IOTA prices are printing lower lows, dropping two percent in the last 24 hours. Technically, there are hints of strength following gains from June 20. However, the cool-off from last weekend, an indefinite trend, and shrinking trading volumes point to market uncertainty. At spot rates, IOTA remains under pressure in a broader bear breakout pattern.
#IOTA Technical Analysis
Despite optimistic buyers, IOTA is still bearish. After rising 33 percent from 2022 lows, buyers are yet to breach the 20-day moving average—a dynamic resistance level. Besides, IOTA pieces are rebounding from the 61.8 percent Fibonacci retracement level of the June 1 to 18 trade zone. In the days ahead, buyers can wait for the reversal of June 26 losses above $0.32 to load, targeting $0.38. If not, further confirmation of the weekend's losses may force IOTA lower towards $0.23 in a bear breakout continuation pattern.
What to Expect from #IOTA?
The failure of IOTA bulls to break above the middle BB and $0.32 questions the strength of the uptrend. As such, further losses to mirror losses of June 26 below $0.27 could trigger more sell-offs.
R esistance level to watch out for: $0.32
Support level to watch out for: $0.27
Disclaimer: Opinions expressed are not investment advice. Do your research.
IOTA has formed hammerline resistance into rocketship supportHello viewers,
There is a possibility that during the historic action of IOTA something has been cooking. Something that was kept the coin in the closet and pushed down with the hammer and formed to be the impossible father to crack. Fortunately, this father has been overthrown from his crown and is no longer a liability. What we see on the charts is that IOTA has switched tone from the hammerline resistance into rockethsip support.
The lift off can lead us to various places, if the line holds. Risk:Reward seems astonishing. Lets go margin.
Not an investment advice.
IOTA vs 4 years downtrend channelAs of writing, $8 million short positions are still open. Combine that with all the progress IF and the community are delivering, plus the latent realization of severe limitations in blockchain based DLTs (Cardano Smart Contract most recently) there is a good chance IOTA is switching into a steep uptrend channel after 4 years of misery.
#IOTA $IOTA #MIOTA - The Market CycleI'm now looking for the 4th wave to complete on HTF support, which will then lead us into a very violent and explosive 5th wave. Look at Oct 2017 > December 2017 as an example.
The times/dates of price forecast are only for illustration purposes.
I believe this will be the 'minimum' target to chase within this Bull Market Cycle.
I'm long. Average re-entry of 0.65c.
IOTA rising slowly with no signs of exhaustionIOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation.
IOTA overall is a project I wouldn't trust and I'd put it in the league of XRP and some others. I don't think it is functional, but somehow it also has a following behind it and its development team is very active. Anyways, price says up, so up!
IOTA 140 $ LONG TERMIs IOTA 140 dollar price target crazy to call ?
No , just by reading the chart it's easy what it did at the bottom; a 10 x and it will be more epic when it will be forming the U-form and do back a 10 x.
Do you think I am crazy or just realistic view ?
I would like to read your comments and to hear from you.
Peace