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IOTA (IOT) – backing from tech giant Fujitsu!Hi Traders! We hope you are doing well and you are optimistic about the future. We are on the verge of trend reversal on all cryptocurrencies. How long does it take? A week or two or till the end of September. It will come. It will start when nobody expects. So we noticed decent bounce up on IOTA. Why? They released Trinity wallet on the desktop in beta version. Hmm, this is not enough, though? Well, the best info comes from Fujitsu group. In an official notice released on Friday, August 24th, Fujitsu explained the use of IOTA-focused blockchain as an immutable data storage medium for its audit trail process. The initiative, dubbed “industry 4.0 co-create with Fujitsu”, sees the Japanese tech giant utilizing the IOTA protocol as a data storage medium for use within production and supply chain management, thus enabling better transparency, data trust and data security. This might be the case. We all remember what happens with a price of crypto when there is such big announcement (ex. Stellar partnership with IBM last year). This time we may earn a bit of money too. Anyway although many cryptos gained in August IOTA was falling. The price fell to the level which is the lowest since November 2017. We also broke last local peak at 0.000086825. Further important resistance to break is at level 0.000129146 Here are other technical analysis details. Ichimoku Cloud – on the daily chart we crossed TenkanSen for good. Second daily bar is over the TenkanSen. It is green and it is growing. VERY POSITIVE. Weis Waves – supply has evaporated and demand is growing. We need more positive volume and increased demand. MACD – bull’s crossed observed Chaikin Money Flow – there is a great chance to break level of 0 which hasn’t happened since May 18. Bollinger Bands – we crossed 50% of the zone for good heading even above the Bollinger zone. So guys. This might be a safe and very beneficial trade. Are you in? Thank for being here. Thank you for all the support you are giving us. If you like our job give us a like and of course don’t forget to follow. :) MASSIVE Hugs! WBM Team.
Long
by WBM_Team
2
IOTA in a bearish pennantIOTA is continuing its trip to the downside. The move that started around 0.0002850 has brought the coin all the way to 0.0000790. The coin also pushed through the 127.2% extension support and it has consolidated below that support since the initial break occurred. Moreover, the price action has created a bear pennant that has consolidated the price within a wedge. The wedge is now close to break and we are strongly favoring the continuation of the downside move. The bear pennant setup should bring the price action below the next key Fibbo support 161.8% around 0.000030.
Short
by WhaleAgents
IOT/BTCIf you know me, you probably already know my position on IOTA and the whole Tangle bs. I would NOT go long on a project that has no future. That said, it has the hype factor. It's a great sales pitch. "Tangle will be blockchain's successor" blah blah. People believe it. People will fall into the hype. Same way people will buy EOS over ETH, because it's "Eth On Steroids" and supposedly better, even though there was no project and it was an ERC20 token for how long? If you're going to put your money into something that has no fundamental value, make sure you know when to sell it.
by ovvnyou
1