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IOTA / Bitcoin

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IOTABTC trade ideas

IOTABTC ready for breakout from a pennantAfter a strong bull move since 4th jan the IOTABTC was moving in a pennant and likely to going through a correction rally which seems to be getting finished now. We can see on daily chart the price action hits the 100MA and pivot 1st support moreover we have a 200MA beneath 100MA playing a very srtong support role here. RSI oversold condition is also very importance factor here indicating to bullish divergence soon insa Allah. The volume profile's fixed range is showing trader's less interest in this area and price line is also quite low below the POC of volume profile. I am expecting a massive breakout from here soon insha Allah. I have defined the targets on chart accordingly plz find. Regards, Atif Akbar (moon333)
Long
by moon333
IOTABTC [Daily] 8000 as key level for bulls... Looking to sellAs you can see on the chart we are right above 8000. Levels is wirking as support for now. As long as bulls stay above there is a chance for rally towards 11000 or even 13000. Overall we are still in a bear market so I would rather wait fro breakdown and close below 8000. First target is at 6000. Break and close below that level may indicate that latest consolidation within 11000-6000 and market is ready to fall towards 1000.
Short
by CryptoMarketFlow
There is a trading opportunity to buy in IOTABTCTechnical analysis: . MIOTA/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000750 to 0.00006200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000750) Ending of entry zone (0.00006200) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00009380 TP2= @ 0.00011050 TP3= @ 0.00012950 TP4= @ 0.00014060 TP5= @ 0.00016480 TP6= @ 0.00018910 TP7= @ 0.00026760 TP8= @ 0.00031200 TP9= Free
Long
by ForecastCity