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IOTUSD

IOTA IOTUSD No interest in buying this rally yetIOTA IOTUSD Iota is testing important support at 3.229 with a low at 3.20. this latter level must continue to hold (and will do so long as Bitcoin holds up, which will not be for much longer now, it's just completing its own counter-rally now). Any failure to hold 3.20 will force Iota lower still to 3.03 and then should this level fail to 2.73 at least if not back to 2.47. Even though it's on support and rallying now, have no interest in buying here until Bitcoin makes a clear bottom. We can pick it up cheaper still urther down the line.
BITFINEX:IOTUSD
by sumastardon
1
IOTA TumblesThe mighty IOTA has broken down past numerous psychological and technical levels to retest the $1 handle, finally finding support at $1.11 or so. Of all cryptos, it faced one of the most vicious setbacks. This has forced us to rethink our Elliott Wave interpretation, reconfiguring our representation to render yesterday’s price action as the corrective phase. Though IOTA still looks weak, it is likely that we will not see $1 IOTA again. As of this writing we are comfortably ensconced in the mid $2 handle, $2.50 at the time of this writing. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDShort
by quantguy
IOTA BreakoutIOTA has continued its breakout from the dragon head pattern, though retraced slightly. This appears to mark the entry into the second segment of a new impulse wave. We could anticipate some pullback, to $4.37, where we have support from a Fibonacci Level, or to $4.20, where we have some support from the central moving average of the KRI. Either of these would be optimal entry points, and the wave would still be valid if we touched either of them. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy
5
IOTA Breakout... As AnticipatedAs noted yesterday in our newsletter, IOTA was indeed coiling up for another breakout as it rejected the central moving average of the KRI, and broke out from the dragon head pattern, testing the upper bound of the KRI before letting up steam. It seems IOTA is a bit ahead of the other Altcoins in terms of the Elliott Wave. It appears to have completed the corrective phase, and has begun the impulse phase of the next wave. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:IOTUSDLong
by quantguy