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IOTAUSD trade ideas

IoTA / USD Weekly chart by history from BITFINEXAs wee see IoTA is in the process of accumulation with strong support levels around 0.25, 0.20, 0.14. Those who bought higher do not want to sell this good asset so cheaply and are waiting for a better time. I am sure that the market will soon collapse and the will touch these levels and most likely will continue to accumulate at these levels for some time until large players return to the risk assets market and the economic situation stabilizes. At the same time, we have a chance to buy an asset that has good technology and has a place in the future. Data marketplace. Based on IOTA, a public market has been opened up for data provided by third-party sensors. The goal is to monetize a market with 2.5 quintillion bytes of data generated daily and growing exponentially. More than twenty global organizations took part in the project, including Deutsche Telekom, Bosch, Microsoft, Orange, Fujitsu and a number of other companies.
BITFINEX:IOTUSD
by ahim007
2
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap. IOTA Stochastic Indicator A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months. Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap. 2018 Bear Market Comparison If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak. After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode. If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
BINANCE:IOTAUSD
by cryptohopper
#IOTA is Solid, Adds 20% as Prices Recover from $0.24Past Performance of IOTA IOTA prices are relatively solid at press time. Although there were hints of weaknesses on September 25, the recovery earlier today has been nothing short of stellar. The bounce means the coin is in a bullish trajectory following the complete reversal of yesterday's losses. As an illustration, it is up roughly 20 percent from last week's lows, anchoring its leg up at around $0.24. #IOTA Technical Analysis From the daily chart, IOTA is firm and price action is bullish. The immediate support is at $0.24 while resistance is around $0.36, or August 2022 highs. Notably, prices have broken out from a descending channel following today's bullish engulfing bar. Therefore, buyers have the upper hand from an effort versus result perspective. Subsequently, buyers can ramp up on dips targeting $0.36 or August 2022 highs in the short term. This preview will continue to hold as long as prices are trading above $0.24—last week's lows and, for cautious traders, above today's lows at $0.27. What to Expect from #IOTA? Traders are bullish, and buyers have succeeded in soaking in intense selling pressure. Since prices have broken above the descending channel, IOTA is recovering as the coin bottoms up after sharp losses over the last nine months. Resistance level to watch out for: $0.36 Support level to watch out for: $0.24 Disclaimer: Opinions expressed are not investment advice. Do your research.
BITFINEX:IOTUSDLong
by Bitcoin_Analyzer
IOTA: Little By Little 🤏Little by little, IOTA is moving upwards with baby steps and seems to be willing to leave the magenta-colored zone between $0.06007 and $0.3634. Although there still is a chance that IOTA could develop a new low deeper in the magenta-colored zone, it would be well advised to not get too close to the resistance at $0.0600, as falling below this mark would bode ill for the altcoin. Instead, IOTA should rather continue to rise and climb above the resistance at $1.0550, which would provide a good basis for further ascent.
BINANCE:IOTAUSD
by MarketIntel
IOTA finally ready to outperform BTC and ETH?#IOTA has been through rough times, most of it fud, some of it undeniable. Updates have been announced for years and delayed and sometimes just canceled. However, now, finally, there is a clear roadmap. No more announcements about announcements. They have proven it today with the Shimmer and Stardust upgrade. This means IOTA is 1 step closer to total decentralization, more dapps can be built. There is a safety net. Staking, NFTs, DAO and much MUCH more. And all of this is feeless. The metaverse can go nuts with this 1! Coinmarketcap announced today IOTA is 1rst place in community growth. So, looking at TA, IOTA has got some resistance ahead. The momentum looks good and perhaps this time the timing as well? Infinite luck, Rising Sun
BINANCE:IOTAUSDLong
by Freo
IOTA: Shake It Off!I’m just gonna shake, shake, shake, shake, shake, shake… IOTA should really turn up this Taylor Swift song and step up, for we expect the altcoin to shake off the recent correction phase and to move upwards, crossing the resistance at $1.0550. First, though, IOTA must finally complete wave ii in magenta, which could initially lead it a bit deeper into the magenta zone between $0.3634 and $0.0600. However, the altcoin should be careful not to drop below the support at $0.0600.
BINANCE:IOTAUSD
by MarketIntel
#IOTA Upsides Limited, Resistance at $0.32 Past Performance of IOTA IOTA prices are printing lower lows, dropping two percent in the last 24 hours. Technically, there are hints of strength following gains from June 20. However, the cool-off from last weekend, an indefinite trend, and shrinking trading volumes point to market uncertainty. At spot rates, IOTA remains under pressure in a broader bear breakout pattern. #IOTA Technical Analysis Despite optimistic buyers, IOTA is still bearish. After rising 33 percent from 2022 lows, buyers are yet to breach the 20-day moving average—a dynamic resistance level. Besides, IOTA pieces are rebounding from the 61.8 percent Fibonacci retracement level of the June 1 to 18 trade zone. In the days ahead, buyers can wait for the reversal of June 26 losses above $0.32 to load, targeting $0.38. If not, further confirmation of the weekend's losses may force IOTA lower towards $0.23 in a bear breakout continuation pattern. What to Expect from #IOTA? The failure of IOTA bulls to break above the middle BB and $0.32 questions the strength of the uptrend. As such, further losses to mirror losses of June 26 below $0.27 could trigger more sell-offs. R esistance level to watch out for: $0.32 Support level to watch out for: $0.27 Disclaimer: Opinions expressed are not investment advice. Do your research.
BITFINEX:IOTUSD
by Bitcoin_Analyzer