IOTA a recipe for disasterHeading into massive resistance with bearish divergences on the weekly. The resistances are 0.37 key level, descending channel and weekly ichimoku cloud.
IOTAUSD trade ideas
IOTA: 0.3500 as Strong Resistance and How to TradeIt looks like the price will reach 0.3500 resistance zone. It is a strong resistance that could stop and reverse the upward movement at the beginning of 2020. After that, we saw a strong downward movement.
This time, we can expect a pullback toward MAs with 20, 50, and probably 100 periods. But I think the buyers will be able to keep the bullish structure.
The good entry zone for new long positions is 0.2500 support. If the price bounces from 0.3500 and reaches 0.2500, we will have to watch for the price action and wait for reversal signals.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
daily analysis of IOTA/US DOLLARHi friends
the daily chart of this market shows that it will experience an uptrend in the coming days but it is better to be vigilant of the change of the market towards the opposite direction
please subscribe to receive new analyzes
IOTA: Possible Buying Opportunity from 0.2600USD SupportHere is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to the support zone it will be possible.
If you skipped the previous buying opportunities, you will have a possible buy signal from 0.2600USD support. For opening long positions, we will need reversal signals. The profit target for such long positions will be 0.3500USD resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
IOTUSD Bounce Off Channel Support (0.3$) Up to 0.32$?!IOTUSD Bounce Off Channel Support (0.3$) Up to 0.32$?!
Shorting IOTA after big PUMPIota has been quite a resilient coin, but the interest in it has been consistently dying off.
It had a big PUMP just recently as it's an older coin (from 2017) and has quite some market cap, but it really doesn't have the volume nor the interest to keep this up.
I'm expecting a big correction from this high, but I'm still using a tight stop loss. Maybe we will find support inside the cloud if more buying pressure can step in.
I'm looking for a short opportunity in the short term, but I'm keeping my eyes open.
Interesting spotWe broke a downtrend line formed since 12-2017 nicely. Now we are testing a downtrend line formed since 08-2018. If we can break this one there are no more new downtrend lines to consider.
#IOTA has great fundamentals, check it out if you will.
IOTA USD ideaIdea for IOTA
Price may push through too the next Gann area if the bull flag follows through
Inverted Head and Shoulders patternChart shows the possibility of the Inverted Head and Shoulders pattern and it's target.
The target of a successful pattern - 0.2869$- 14% Increase
Anyway if the pattern fails then $ 0.22 is the price which should be crucial for the next moves.
IOTA Pagoda on firePossible one more bounce inside the triangle to form a bearish harmonic. Breakout target 0.22. While other Alts are pumping this lackluster coin is showing topping patterns and slow growth.
IOTUSD Descending Triangle (Yellow) Down To 0.23$?!IOTUSD Descending Triangle (Yellow) Down To 0.23$?!
IOTUSD Rising Wedge/Fakeout?!IOTUSD Rising Wedge/Fakeout?! Rising wedge forming... maybe just a symmetrical triangle fakeout. Let's see...
IOTUSD Symmetrical Triangle Up To 0.28$ Soon?!IOTUSD Symmetrical Triangle Up To 0.28$ Soon?! We successfully broke out of the smaller symmetrical triangle and are now testing the resistance line of the bigger one. Rejection @0.26$ (upper resistance) and down to 0.25$ possible.
