IOTAUSD trade ideas
IOTA fighting resistance but showing strong supportIf we break the upper trendline we are looking at 0.7 price targets.
IOTA could do thisI have a strong feeling that IOTA could be gearing up for a strong pump. The last bull run price reached as high as 5.78 we are no where near that price at the moment.
IOTUSD Retracement Down To 0.3329$ OR 0.29$...IOTUSD Retracement Down To 0.3329$ OR 0.29$... maybe we retest 0.36$ once again before retracement but I don't think we'll break it.
IOTUSD Test Of Uptrend Channel AND 0.36$ Resistance...IOTUSD Test Of Uptrend Channel AND 0.32$ Resistance... We just tested our previous uptrend channel and 0.36$ resistance. Would be huge if we get back into the uptrend channel. :D
IOT starting to squeezeBITFINEX:IOTUSD really failed to capture any of the bullish momentum of the last week. It was a definite underperformer among the highest volume cryptocurrencies. This morning triggered a signal that the volatility has slowly decreased into a wedge with a potential bearish breakout setup. Because this was the lagger of the recent momentum I'd say this is one of the weaker cryptocurrencies and an increased probability for a short.
LOW VOLATILITY UPTREND IOTUSDHi traders, please leave a like and a comment if the analysis is useful for you.
IOTA is a very productive reality, day by day developing good project making alliance with Bosch, STM, GM, HONDA, Japanese gov't...
After reaching ATH in august the prices seemed to have found a good channel between $0,23 and $0,3 to pump and dump on the FIbs levels.
At the moment the most important goal is to not break the supports at FIB 0,5, around $0,264 down the main trendline.
This is a period of low volatility for IOTA, but a good mantainance of strenght could lead to a breakout of $0,293 by the end of the year to maybe confirm a new high volatility uptrend.
IOTA going higher. IOTAUSDFib goal dashed in, and we are already up to three fractal patterns in progress. This is already ample evidence we are bullish. NFA
