IOTA: Scared for a real crash? Buy future used coins like IOTA!Ok guys this is my opinion. This is what I do at the moment. I'm buying coins with huge future potential, coins with partnerships and extra ordinary coins like IOTA.
I really feel IOTA will have a great future it will be used for so many things. In crashes like this, just go shopping. Coins like IOTA will be a great buy, because they will be used in the future and have a real use case, instead of lots of other alt-coins.
I'm not the kind of guy with big speeches or something. Just look into IOTA your self. Why would you stress so much, when there is a correction happening? Just hold coins like IOTA and you get great return! Blockchain will be a big part in the future.
Their is just a big problem, their so many useless coins and copycat coins, their will be a few big winners and more losers. That's why people should coins with a great future usecase like IOTA.
IOTUSD
Stop it with those triangles - Don't even tryThere was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase.
However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore.
Hell, I can't even make much sense of those indicators. Maybe there are others who can include even more indicators and combine them in some clever way to get an idea what's happening next with this revolutionary technology's token price.
I have yet to see a single post on here which managed to accurately predict the next move. And I like to think I have read them all.
I'm not a big fan of fundamentals, but here is what I do think:
It won't moon anytime soon.
Shit, the price probably won't even go through the roof of a hobbit hut before March.
It (the tangle) is the foundation for an entirely novel economy and this token is one of the fundamentally solid and safest investments to make on the cryptomarket.
Call me crazy.
IOTUSD, long. The goals of the bulls are 2.7055, 2.7700.Breakdown of the corridor of inexpensive prices: 2.50 - 2.70 on the previous latent accumulation in the zone: 2.25 - 2.50. The goals of the bulls are 2.7055, 2.7700.
Volumetric analysis using the X-volume indicator, important levels thanks to the X-lines indicator.All these indicators you can find in my list of scripts and add them to your favorites.
IOTA getting dumped to $1.5 w/ dead cat bounce to $3 incomingThe chart should be self-explanatory enough. In brief,
A to current level
B to .5x fib
C to under .236x
Interestingly, during its previous P&D 10D & 30D EMA crossed at .618x, too. There's little reason to believe the bleed will stop, but the opportunity to get out would be when 10D touches 30D (end of B).
My mistake in thinking this isn't a P&D coin.
I think as BTC stabilizes, iota will go to $3. Then, bad news will hit.
Why did I hear so many people speak highly of it?
IOTBTC descending triangle to 0.00015As the chart shows.
The reason IOTA was pumped high was fake news related to MIT. While the use of blockchain for iot is interesting, there's no reason to use specifically IOTA token. It's not a bad coin, but the market isn't looking at it favorably at the moment.
Watch out for the next milestone / fake news. Mid-term target is 0.00015BTC.
IOTA still getting clawed at by the BEARS!IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH.
We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan.
This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of buying pressure to get us to break to the topside.
This is crypto and anything can happen so it pays to be prepared.
We will wait to see what the market does before going long or short on the IOTAUSD markets.
Immediate support is at $2 - $2.2 and should that support level fail, I would expect the bearish trend to continue and consolidate into the $1 zone.
Resistance is at $2.4 - $2.6 and the bulls need to get above that to test the $3 resistance zone.
Should we break through $3 it will be smooth sailing to the $4 zone.
Follow and share if you like my trading advice, feel free to discuss this trade with our crypto trading crew.
IOTA RangesIOTA also has been stagnating, though the price action has dropped more so than other cryptos, confirmed by both Kovach Momentum Indicators. We have remained below the lower bound of the KRI for the duration of the week. A sequence of higher lows on the day candles provides a glimmer of hope for investors eager for a breakout, though trading the mean reversion between $2.35 and $2.60 has proved profitable as of this writing.
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IOTA Crashes Through SupportIOTA has been hit particularly hard by the bear run in cryptos. Currently, it is finding support at a Fibonacci level at $2.14, bouncing back to $2.24 or so at the time of this writing. It has careened through the lower bound of the KRI, now well above current prices at $2.70. From above, we will have to test $3.25 before testing the central moving average of the KRI at $3.67. If we break past support at $2.14, the next level of support is a Fibonacci level at $1.45. Although we appear to be in wave 2 along with most of the other cryptos, we are wrong if we break lows around $1.25. Both long and short term Kovach Momentum Indicators confirm we are in a bear phase.
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IOTUSD is still under pressure from the sellers.The signal to buy from MA cross, which we wrote about in the previous review, was false.
IOTUSD continued to decline and fell below the key support level of $ 3,- now it became the resistance level, and therefore a good mark to sell.
While the rate remains below $ 4, further decline is likely. Its ultimate goal can be $ 1 or even $ 0.5
IOTA - correction not done yetIOT/USD 4H
Being in an expanding wedge, we're currently in the making of the subwave 4 of c. I expect price to rise till the marked sell zone ($3.50-3.75). If price proves me right, we should see from there on the start and the final bearish impulse of the overall corrective structure. This could either result in a double bottom or ideally in a lower low till $1.35-1.10 levels.
Monitoring the BTCUSD price, as shown in my previous analysis - would be a good idea - as we still have a strong positive correlation showing up on almost all alts. The max. upside levels for BTCUSD are marked on the chart. In the case of a violation, I do not expect price to break $13.700ish (Bitfinex). From there on, a corrective continuation till 8k levels would seem possible.
Safe trades!
IOTA WhackedIOTA has definitely broken its ranging streak, unfortunately to the downside. We have smashed through levels in the $3 handle, to find support in the lower $2 handle, a Fibonacci level at $2.12 to be specific. It still appears that we are in wave 2, a minor corrective segment of the Elliott Wave. We must reconsider our rendition of the corrective phase if IOTA can manage to blast through to the $1 handle and make new relative lows. Fibonacci levels at $3.25 ad $4.36 seem light years away at this point.
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IOTUSD no game in January 2018I've been following IOTA. Unfortunately, it has tried multiple times for breakout to no avail.
At this point, it's still trading within the green channel.
While I don't rule out the possibility of an iota breakout, this seems unlikely:
volume stays low during the latest recovery.
volatility has not contracted
I think a new milestone / news of some kind will be needed for it to break out of the current range.
Holding is fine if no better investments appear.