IOTAUSD trade ideas
IOTA Breaking From a Bear Flag, Bulls Targeting $0.39Past Performance of IOTA
There are signals of strength for IOTA in the daily chart. At spot rates, the coin is up eight percent versus the USDT. This is positive for optimistic buyers following the correction on June 1. Further gains reversing losses of mid this week would complete a bullish breakout above the multi-week resistance line marked by the Middle BB.
#IOTA Technical Analysis
Technically, IOTA prices are solid, and bulls are confident. The immediate support line is at $0.33, while a close above $0.36 and the middle BB may initiate more accumulation in the short term. Ideally, the immediate target for optimistic IOTA buyers stands at $0.39 or May 9 highs. However, if there are gains above $0.36, traders may begin loading, expecting more gains above the current bear flag. On the flip side, deeper losses below $0.33 may force IOTA to $0.30—or lower.
What to Expect from #IOTA?
Despite the optimism, IOTA prices are consolidating. IOTA bulls are resilient and prices are trending at this week’s highs. Further gains above the bear flag may be the basis for another leg up in a recovery.
Resistance level to watch out for: $0.36
Support level to watch out for: $0.33
Disclaimer: Opinions expressed are not investment advice. Do your research.
IOTA: Play Up!“Play up!“, we want to shout at IOTA because it is high time for the altcoin to show some upwards movement. In the process, IOTA should at least make it above the resistance at $1.0550 to indicate further ascent. Meanwhile, IOTA could also finish wave ii in magenta a bit deeper in the magenta zone between $0.36343 and $0.06007 first, though it has to be careful not to break through its bottom.
IOTA enters bottom of the range (weekly chart)IOTA price enters bottom of its range in weekly chart as prices of most crypto went bearish recently.
However, price showing some bullish momentum in the weekly chart.
May need another confirmation before the Long run momentum kicks in.
Let's Be Realists 2.The crypto market is uncertain.
Political decisions can drastically affect the future of cryptocurrencies.
The high only depends on IOTA releasing the promises it has made, such as decentralization, IOTA 2.0, the mobile wallet, Shimmer, Assembly, smart contracts and adding extra features such as the existing privacy in projects such as Monero.
IOTA lags far behind its competitors.
IOTA/USD TECHNICAL ANALYSIS ON H1Ref to my prev post/publish on 16th May 2022. Price did hit the supply zone and bounce back. It may retest the previous Low on 12th May or may even break it. If you look at weekly time frame (tf 1W), market shown strong bearish movement.
I am not a financial advisor but if you are trading crypto, especially you wanted to take long position, please be careful BUT if you are an investor and planning to HODL for long term. You can just buy.
IOTA TO ALL TIME LOW AGAINso as you see IOTA in downtrend
its one of few L1 projects with a massive momentum but didn't start its bull run yet
this could perform like ADA last year
They have so many upcoming catalyst
-The IOTA Foundation has been selected as one of five contractors for the second phase 2A of the pre-commercial procurement that will be developing prototypes and test which of those could bring the most promising improvements to future versions of the European Blockchain Services Infrastructure (EBSI).13/01/2022
-their upcoming shimmers network release it will bring smart contracts to IOTA where dapps like DEFI and NFT is possible and FEELESS imaging minting these useless trash JPG NFTS by free wow!
Now lets talk about TA
the price bounced from ATL formed after the mega bear market of alts in 2018
thats the lowest risk to enter where the ATH is 40x from that point and your SL is 10% below the all time low.
IOTA should be considered as investment not a day trading I dont see many other L1 projects with momentum and bullish reversal charts
except IOTA and MINA protocol
MINA: I am waiting for 0.5 range
anyway guys I hope this bear market wont last longer
good luck!
IOTA/USD H1 TECHNICAL ANALYSIS Pls refer to the self explanatory chart.
***This is for sharing and entertainment purposes only. I am not a financial advisor***
IOTAUSD ❕ volatility has slowedAfter exiting the triangle, the price formed a downward channel and is now trading under the 50, 100 and 200MA on the 4H Timeframe.
Trading volumes have decreased as well as volatility.
The price has tested the lower boundary of the channel.
I expect a bounce to the resistance level if the price fixes above the support level.
Let's be Realists.Will IOTA go up?
I believe so!
How much time?
Maybe in April/22 it can reach 1.20.
However, we have February/22 and March/22, where before rising again it may fall to the levels of 0.65 and 0.45.
Are you ready for a further 50% drop? The maximum pain? Place your bets, short or long term?
Also remembering that IOTA was 4 years at 0.20 without moving.
Nothing prevents it from being stuck in the same place after it reaches 0.45 for another 4 or 5 years.
Comment: If you want a strategic solution, buy at 0.65 and 0.45 and make an average price.
IOTA- The dream will never dieIf we are not in a multi year bear then this is an extreme shakeout and formation of wave 4 triangle with bullish bias
iota looking good hereiota looking like its found support here
accumalating iota while we are down here
could see a nice move up soon
Iota strong support but may still head lowerIota could head into the mid $0.40 level as there's a possible ABC correction forming for IOTA. There is strong support but I'm cautious about entering IOTA.
Just trying to give you both scenarios. If it hits the $0.40 region it's an excellent entry point.
IOTA: Two RoadsTwo roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth…
The first stanza of Robert Frost’s poem “The Road Not Taken” describes IOTA’s situation quite well. Two roads are spread before the altcoin – which one will it take? There is a 48% chance that IOTA could decide to go downwards and drop below the support at $0.5736. However, we primarily expect it to rise up, crossing the resistance at $1.0550. And if IOTA has made it this far, there is potential for further upwards movement.
#IOTA adds 5% as Prices Spring from Q1 2022 LowsPast Performance of IOTA
Currently, IOTA appears to be bouncing off from Q1 2022 lows. The coin is up five percent in the past 24 hours, outperforming the USDT.
Despite the pullback, sellers are technically in charge from an Effort versus Results perspective. It is because prices are within last week’s trade range. Overall, IOTA is down 54 percent from Q1 2022 highs at spot rates. The coin may find support in the short term if prices are held above $0.62.
IOTA Technical Analysis
Even though sellers are in control--prices are within the April 11 bear candlestick and last week’s range, there appears to be a divergence from the lower BB, suggesting waning downside momentum. At the same time, the surge and change in fortunes from April 18 lows points to strength.
The shift in momentum to favor buyers on April 18 may usher in more buyers who may load on dips targeting April 11 highs of $0.70.
A close above last week’s high with rising trading volumes may see IOTA post further gains in the immediate term towards $0.82 and $0.92--key reaction points in Q1 2022. Notably, April 18 candlestick has a long lower wick indicating strong support during the NY session.
Conversely, if bears flow back and unwind recent gains, a dump below $0.62 may trigger a sell-off that may see IOTA slide to H2 2021 lows of $0.57 in a bear continuation formation.
What to Expect from IOTA?
Prices found support at around Q1 2022 lows, bouncing higher. Still, traders may wait for trend definition before loading depending on the newfound trajectory.
Resistance level to watch out for: $0.70
Support level to watch out for: $0.62
Disclaimer: Opinions expressed are not investment advice. Do your research.
iota bull divsiota is putting a 3d bullish divergence down here
accumalating down here and could see a big move come soon
IOTA has formed hammerline resistance into rocketship supportHello viewers,
There is a possibility that during the historic action of IOTA something has been cooking. Something that was kept the coin in the closet and pushed down with the hammer and formed to be the impossible father to crack. Fortunately, this father has been overthrown from his crown and is no longer a liability. What we see on the charts is that IOTA has switched tone from the hammerline resistance into rockethsip support.
The lift off can lead us to various places, if the line holds. Risk:Reward seems astonishing. Lets go margin.
Not an investment advice.
iota looking good hereiota is looking good here and could be about to break the down trend
could see a big move coming soon
IOTA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart you'll see that we've retraced a bit further than my predicted area. This chart is a bit tricky because I'm not sure if we've found the bottom yet. If the bottom is in then we can resume the wave (3) impulse from the previous chart. On this chart I've also mapped it out in the minor pink wave. The reason why I say this chart is a bit tricky is because most of the altcoins retracement has entered the .238 fib area and iota hasn't yet. A double three corrective wave is still at play here in which we go a bit further into the red ABC wave or lower. If we go lower than the previous chart and this minor pink wave is invalid and the blue wave should be in play. Blue wave (3) price target is 4.44. I'll update this chart if blue wave plays out or the price target gets reached.
iota looking good hereiota is looking great to accumulate down here,
could potentially be close to breaking the down trend
