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IOTA / TetherUS PERPETUAL CONTRACT

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IOTAUSDT.P trade ideas

BTC/IOTA long-term resistance has become supportBTC/IOTA Technical: Unfortunately, the pennant from the previous analysis broke to the downside while the entire crypto market fell sharply. When comparing Iota to Bitcoin, we have experienced a much stronger growth on Iota's side recently. We are bouncing off strongly from the support at 3500 Sat, which has been the resistance for almost 2 years now. Currently, the price is at 3700 Sat and moving upwards again. Bullish divergence could drive the price much higher while being support by 20-day EMA. Touching the new resistance at 4300 should be likely, if not breaking through in the coming weeks on the way to the next strong resistance at around 5400 Sat. Total BTC Dominance is currently at around 50.5%. It could bounce here probably leading to another test of the new support at 3500 Sat. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. The energy consumption of Iota is by far less than what it takes to transact Bitcoin - around 5 million transactions one could do for the same energy it consumes for a Bitcoin transaction right now (1 Iota transaction uses 0.112Wh). The confirmed TX after the Chrysalis update can reach 1000+ TPS. Furthermore, since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin. The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
MIOTA Took Support At $1.55, Now Heading Towards $2.50IOTA price traded at $1.70 with a loss of 15.48% in the last 24-hour and 28.69% in the weekly time-frame. Furthermore, IOTA price bounced from the support of $1.55. In contrast, the market capitalization stands at $4.81 billion. Technically, investors can perceive a negative crossover in the EMA for a short while, and the price is below the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $2.50 in future trading sessions. Resistance: $2.50 Support: $1.55
Long
by tcr_thecoinrepublic
IOTA - pennant formation leading to 3.2 USD?Technical: Iota is forming a pennant clearly visible on the 4-hour chart. This indicates in most cases a continuation move which could lead us to 3.2 USD. It may seem irrational, but taking into consideration what happened during the last weeks I think it is possible. MA-120 and MA-250 are providing great support. I would only reject this hypothesis, if we break through the MA-250 and close below. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
1
IOTAUSDT / TetherUS Strong Bullish Mouvement ? Rocket? 120Hope all goes well for you, there is formation for you in the crypto market. This piece makes us see big potential of increase no decline envisaged at this moment. But at any time future market sentiment can reverse so stay focused on abnormal movement. We can see the formation of a symmetrical triangle on the IOAUSDT / USDT pair. Price is moving between resistance and support, we may see a strong upside implusion in order to get to the key resistance area and check it. On the breakout ahead to reach the key level of the last Rsi peak under test and we will have a confirmation signal to the upside. Benefit after the break. Please like and follow, thank you.
Short
by stephanelibatd
IOTA/USDT : dumbzone & smart-money zoneHAPPY CHRYSALIS. After a big update like chrysalis, the prices could drop or they pump, we have always seen it on all the major altcoins. The probability is 50/50. But 50/50 probability is for gamblers so we establish a trading plan to avoid any uncertainty bias. Possible return to buy zone number 1 : 1.27$ - 1.57$ range (dumbzone). We ideally look for 1$ - 0.65$ (smart-money zone). YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA. NOT FINANCIAL ADVICE TRADE SAFE! Morpheus.
Long
by Prognosis_Matrix
IOTA - buyers are strong below 2 USD, do not panic sell hereTechnical: Our target at 2.18 USD has been reached and price overextended to 2.7 USD. Right now we are witnessing a huge sell-off (-40% at peak), mainly triggered by a chain reaction of margin longs being liquidated. At the moment we are finding support at the prior resistance line around 1.9 USD. BB Mid is at 1.88 enhancing this level. From here on I am placing buy-orders down to 1.60 to potentially leverage a few more spikes to the lower support line. Personally, I would not panic sell here as a second and potentially third drop should not be that strong. These are buy levels. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
IOTAUSDT Local S/R| Swing High| Price Action| Trend Evening Traders, Today’s analysis – IOTAUSDT – trading above its local S/R where in impulse is probable, Points to consider, - Price Action Impulsive - Local S/R Support - Swing High Objective - Low Volume IOTAUSDT’s immediate price action is resting on support that is in confluence with the Local S/R and the .50 Fibonacci – this allows for a long bias. The swing high is the current objective, exceeding this level increases the probability of a trend continuation. The volume profile as of current is below average, an influx is highly imminent when an expansion occurs. Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
Long
by AzizKhanZamani