IOTA/USDIOTA/USD - H&S - Wait for break below the neckline. thank you for your likes and comments. you can follow my social media accounts :)
Miotausd
Iota, Which Way Will It Go?Is Iota about to drop closer to the EMA 50? Or will it rise? It's always hard to tell which way an expansion is going to grow. Ichi moku cloud (not shown here) recently had a TK cross predicting a bearish trend (depending on input selection)
IOTA descending triangle, technical rebound, more correctionI take on IOTA is that it's in a descending triangle. There have been several rebounds, yet the last one didn't even touch the resistance. Today, IOTA is seeing a small jump. In my opinion, this is a technical rebound (see indicators) from oversold conditions.
I think it's likely that IOTA will break down the support to test the original trendlines before craziness began.
2.6 & 1.9 are two possible entry levels.
IOTA Breakout is confirmed according to Tom Demark count. IOTA gave a green 2 on the 1H chart on Tom Demark count. This is a clear buy signal.
This rise happened because of Robert Bosch Venture Capital news:
www.huffingtonpost.com
First resistance: 4.9
Second resistance: 5.5
I expect the first resistance will be broken easily.
If we reach 5.5 area we will get a new all time high because double tops near all time highs are unicorns.
My advice for IOTA: Buy and hold.
My forecast for IOTA: >100 at the end of 2019.
IOTA Symmetrical TriangleThe resistance line line is forming together with the uptrend line a Symmetrical Triangle. Watch closely for the price action near the resistance line. When broken, then the first target is around 7.2 $. (at 1,618 fib retracement).
SEE THE BIGGER PICTURE :)My idea at 1,40 was 97% accurate. I still trust this coin, and don't think that storm is over as it's still keeping 0.382 fib support. After SBTC fork, I expect a big move from BTC to IOTA market, Watch for the breakout of the uppoer resistance line to make sure this is a strong uptrend.
Not a financial advice, an idea only.
Cheers :)
IOTA - Back to $1 -- IOTAUSD Trade IdeaHi All,
Iota took some major hits last few weeks with its cryptographic algorithm being compromised and having been changed. However, we still saw that IOTA is strong. There was also a retracement excpected which it is now showing. A trade here, and at lower levels would be a good long term trade.
Buys: 0.50, 0.45, 0.40
SL: 0.375
TP: 0.75, 0.85, $1
Most of my ideas are simple based on the RSI and MACD indicators. If you like the idea, follow me on twitter where you get live notifications of charts I post here.
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MITOAUSD may have found some support and be rising.Looking to see if IOTA has found support ~$1. If so, we may see it bounce around in an ascending channel for a bit. Will be looking to see if this support line is real or not, then will be watching for a breakout. It looks like we've had some accumulation and after big news yesterday-- and a little profit taking today-- we might be poised for a rise.
IOTA short ideaAccording to the signal RSI - the price is in the oversold zone - this is a signal to sell. According to candlestick analysis, I noticed three consecutive "hung" - this is a signal to sell. The volume of trading is also decreasing.
In recent days, the price has grown well and I think that today there will be a correction.
for sale 0.77
target 0.69 and possibly 0.63
stop-loss 0.82
IOTA bullish trend?pattern double bottom - the figure of the trend reversal. The volume also grew. But with the purchase it is worth the wait, since the stochastic RSI shows some kind of overbought. You can buy from 0.43, stop-loss at the level of 0.407.
IOTA double zig-zag, correction not done YET!Here i present my primary count for IOTA! Looks like a textbook double zig-zag.
Apparently we are completing the 4th wave of C so the fifth will complete the WXY pattern. A prominent H&S pattern could mark us the end of C, being a great entrance for this crypto.
Wish you great profits!
