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IOTA / TetherUS PERPETUAL CONTRACT

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IOTAUSDT.P trade ideas

IOTA - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. IOTA is sitting around strong demand zone in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: IOTA is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , IOTA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
33
IOTAUSDT UPDATEIOTA is still looking bearish, on the daily timeframe since markets recent bearish impulse the market has made a correction to retest previous support as new resistance in confluence with the 0.618 fib. On the 4hr timeframe however at the moment everything is currently bullish the market is forming higher highs and higher lows during this corrective move to the upside. What we will be waiting for is a new 4hr lower low to close below this area of support then on the retest we can possibly look at capitalising on this continuation to the downside. SETUP remains invalid until we see a 4hr lower low.
Short
by ITSCRYPTO1
2
IOTA formed another big setupThe previous harmonic butterfly: In this article I'll share with you how the price line of the IOTA coin has formed a very big harmonic pattern. Before this, I've already shared another major idea and that was a very big bullish butterfly which was formed on the weekly time frame chart. After taking bullish divergence from the potential reversal zone of this big bullish butterfly pattern, the Priceline surged to more than 1100%. support resistance levels and SMAs: After a very big rally, IOTA found strong resistance at $2.50 and after being rejected by this resistance level the price action moved down at the very strong support at $0.70. Now the price is moving at the $0.70 support level for the past several days. We also have very strong support of 200 simple moving average on the 2-day chart, which is exactly at the $0.70 support level. The next price level resistance is at $1.50 and then at $2.50. There is also a 100 simple moving average working as strong resistance before the $1.50 resistance level. Big Cypher pattern: Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone and now agai re-entered the buying zone. The buy and sell targets according to Cypher can be as below: Buy between: $0.8888 to $0.5214 Sell between: $1.17 to $1.87 The maximum extent of potential reversal zone $0.5214 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
Long
by moon333
1