IOTAUSD trade ideas
IOTA - Strong Buy SignalFundamentals are very strong and I think IOTA is the most undervalued coin in crypto. I'm very bullish and ready to hold it for the next 3-5 years!
But if you want a short-term trade, here is my Idea for the next 3 months:
TA:
- If you ignore the COVID Sell-Off, you can see a nice Channel upwards and price reacts bullish at the support line
- Ichimoku as a trend indicator turned bullish, the green cloud gets bigger and price is in a correaction zone
- Weekly red- to green-candle turns are in an uptrend
Buy @ 0.28
SL @ 0.225
Profit @ 0.5
BINANCE:IOTAUSD
IOTA (MIOTA) - September 2Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We must see if we can ascend above the 0.38833201 point.
You should also check if you can get off the downtrend line.
It remains to be seen which of the two uptrend lines will rise.
To get out of the low range, we have to see if we can ascend above 0.57409842.
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The volatility period I mentioned yesterday seems to have changed due to the gap in USDT dominance.
Volatility was expected around September 4 (September 3-5) as seen in the XBTUSD chart, but this also appears to have changed.
However, I think it is necessary to carefully check the BTC price flow.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
IOTA (MIOTA) - August 26Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We must see if we can ascend above the 0.38833201 point.
You also need to make sure you can get support at point 0.35335297.
If it falls at the point of 0.35335297, I think it is necessary to trade in installments to preserve profit and loss.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Months of support around this priceVery little risk in my opinion in investing around this price, the price is baked in it should not go lower, its been this for many months. Once your invested you should just wait until we break out of this consolidated price and see some up-hill movement, next level of major resistance is a $1 so some short term potential.
IOTA simply cannot be stopped!Í've been hodling IOTA since half of 2017 when I was new to crypto and simply did not know how it all worked. After it went down rather than up I left IOTA, missing the insane bull run to its ATH at that time. Then fear came in because of a Bitfinex scare. After that went away I bought back a small portion of IOTA eversince.
But...October of 2019 came along and crypto's got my interest once more and of course...now I had some experience ;-)
Bought every single month and look at the 1 Day TF now...
We can clearly see that the blue Stochastic RSI has turned sharply north yesterday and continued to do so today. It is crossing the red RSI. That looks really promising already.
Then the multiple indicator set which my mentor WickoffMode provided me...can it get any more bullish than this?
The gray energy has exhausted swiftly and is going back to the 50% level, while the green line has already crossed the downsloped red RSI upward!
I'm not sure which fib it is going to touch, but when I look at the weekly...this one could go on for a couple of weeks!
I was expecting a bull flag here, but I'm not so sure that one is going to play out.
Yay or nay? I'd say YAY!