IOTA staking liveA combination of factors here will push this higher most likely.
1-Staking has gone live, a lot of people are moving iota from exchanges to the firefly wallet because of this which will restrict trading supply.
2- iota hasn historicaly underperformed making a favorite and easy short, this could lead a big short squeeze
3- a lot of exchanges (Binance) have have fraction al reserves for coins: that includes iota. A lot of people cant move from Binance to the firefly because of a lack of liquidty. That means big names will be moving to buy large volumes to cover themselves.
a lot of things going right for a big pump here
IOTAUSDT trade ideas
IOTA - another 600% leg? Iota has an interesting case with multiple chart patterns signaling a strong upside move. If the entire crypto asset market remains bullish, Iota could potentially have another 600% leg as the leg from Feb - Apr. 2021. Both, Cup & Handle and a pennant seem to align for a strong break-out to the upside. On the weekly chart, MACD is converging and could cross in 1-2 weeks while RSI steepens with much room to grow to get to the overbought zone. possibly indicating the beginning of a bullish trend. The upside moves carried significantly more volume and short positions are growing even though the price is growing. If the short sellers need to cover their position, a short squeeze could be on the table. Staking starts in 2 days meaning that most of the supply is transferred away from exchanges to Firefly wallets. The analysis of the IOTA/BTC pair indicates Iota outperforming Bitcoin during the next couple of months. Bitcoin dominance is falling to all-time-lows.
Good luck with your trades! Do not consider this as financial advice.
IOTA is clearly in a flag pattern 🚀When IOTA touches the purple trend line, it will most likely have a correction and then can try to break its downtrend
Other details are specified in the chart
IOTA is undervalued!
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IOTAUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 1.8 - 2.4 - 2.9
after first target reached move ur stop to breakeven
stop: ~w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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Iota coming aliveIota making a nice stride increasing also in the IOTA/BTC pair as well and outperforming a lot of other major cryptos lately. With the announcement of the new staking rewards (Shimmer and assembly tokens), the upside potential looks good here as everybody. There is a strong tendency/trend lately to stake coins that you don't plan on selling to receive rewards on top of that: this could be a strong catalyst moving forward.
IOTAUSDT Daily S/R| Price Action| Trend| Support Evening Traders,
Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral
IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.
The current volume profile is below average, an influx is needed for a strong trend continuation.
The current RSI is netrual, remaining in its bullish control territory is indicative of strength.
Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
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IOTA trade potential entry pointIOTAUSDT will be bounced from 23% fib level back to 100% fib level with 500% growth.
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IOTA fundamental priceBINANCE:IOTAUSDT
IOTA definitely good project for long term, but just be careful now with any long positions cuz we can see squeeze down to test fundamental price around 0.62$
The good signs is we don't touch the bottom on RSI so we are still in neutral zone, and don't see the volume on chart from sellers
Also on daily RSI we can see pump and extremely important to break in out previews high on RSI, if not we will see perfect divergence.
Now we are trade under downtrend line FIB since May 2021
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IOTA Enters Buy Zone after RestestIOTA is a great alternative to other assets associated with it that do not have good entries. Luckily I believe not only will IOTA print, but it gives great staking rewards as well. As you can see the RSI is just low enough to warrant a buy on the 1D chart. There is a large cup and handle pattern which produces a major target of around 3.9. However, I would not be surprised to see this go further once the market starts going. Anyways thanks again and tell me what you think!
This is not financial advice. Do your own due diligence.
IOTAUSDT, We are going toward support zone areaHello everybody
According to the chart you can see the the price is in correction-downward trend and we have 2 scenario that can be happen, one of them is we are made AB of elliott correction and now we are ready to making C of the correction ABC or another theory is we finish the ABC correction and we made wave 1 and we are in coorection 2 of the first wave , the 2nd scenario is more valid than the others because its not attractive that the price drop more to prz level and its not good because if the 1st theory want to happen the btc should dump more to 30K and at this time its not happen
According to the chart the both of the support (S) zone area its good to buy in 2 step and reduce average purchase and wait until the target reach.
We will update targets in future
Good Luck
Abtin