IOTA is ready after one more push down to finish wave 4 if this is diagonal we need one more push down to finish this correction then iota will be back on track
IOTAUSD trade ideas
IOTAUSD TO FINISH WXY LONG CORRECTIONHi guys,
here s my update on IOTAUSD pair. I am following this pair for 1.5 years, day trading in and out but for this play I have large amount of my capital ready to buy IOTA in 99 scaled laddered orders once and if we brake 0.20$.
Most of wave 3s in this correction dropped down by 60% so its logical to assume if we see a brake of 0.2$ we will look for a support as a temporary relief rally somewhere around 0.15$.
I would not be surprised to see an ending 5th wave diagonal to finish the Y pattern.
Best of good luck.
This is not financial advice just my view what could happen.
IOTA falling below weekly support against USD
After breaking the strong down trending resistance line, which started in late 2017, i expected IOTA to start climbing higher again.
That wasn't the case and an ascending triangle was formed.
On the weekly it looks like it is breaking out. It could go up again into the triangle and no dump occurs,
but if it stays / closes below the resistance line, a fall to the first levels i marked seems likely.
Getting all the way down to 0.105 cents is a bit unrealistic, but theoretically the textbook target of an ascending triangle.
Lets see if the price can get above the resistance again, if not, a fall is very likely.
Price Action Analysis of a potencial bottom for IOTA/USDHello!
Keeping journals of our current market conditions for posterity. Exciting times!
Cheers!
Crazy Iota PASD StudyHaving some fun so don't take it too seriously and just remember that we're in a bottom if IOTA keeps it together. Good R:R long term.
*Not Financial Advice*
Cheers
*My trading focuses on Supply and Demand Trading with Price action. Trendlines are a visual aid. They are not magic lines where the price follows so don't fall for the fake gurus. Study price action.*
Iota,forgotten hero.Iota is slowly grinding to touch the daily 200 ema.It has been consolidating for a long time and is ready to burst.Once it breakes 0.42 it is free to move upwards.
But the rsi is also in shallow waters so be carefull- It might drop further.
Resistance 0.4~0.42$
Buy now with a SL at 0.28$
IOTA USD - Bearish Symmetrical TriangleIOTAUSD should take us lower (minimum 40%) going to complete a Symmetrical Triangle. We broke our longterm RSI support which coincides with the breakout of the triangle.
Weekly 21 EMA was already rejected
IOTABTC should also take us lower, but here we could soon have good RSI wedge support at 0.00004517 where I will look at possibly longing IOTA depending on the look on the day of the touch. It might touch the region with a TD Countdown 13 on the same day.
~20th of May could be interesting.
