IOTAUSDT us ready for the breakout 🦐IOTAUSDT had a nice breakout from descenidng channel and now the price wants to test the daily resistance. IF the price will have a breakout and retest the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IOTAUSDT trade ideas
IOTAWednesday, 5 May 2021
6:51 AM (WIB)
IOTA has shown consistent and significant uprising movement for several times, also The Bears has confirmed the ascending channel with clearly Resistance and Support lines. When the price visit the support lines, it is the best time to purchase for long term investment. Caution: Do not dare to trades on IOTA at the middle of the channel, the price so unstable.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTAUSDT Potential BreakoutWatch IOTAUSDT for a potential Trendline Breakout, and Trend Continuation Trade.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Watch me!Where are your wallets, wolves?🔥
Now it is gonna fill with money making opportunities!
One more Flag formation on IOTA/USDT currency pair.
This should be a good trade, coz price had a bullish impulse and then entered into consolidation.
After that price bounced and now is heading to the breakout of this pattern.
Price bounced from support and resistance zones multiple times.
So follow the chart and look for the breakout carefully.
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IOTAUSDT, Will go high very soon?Hello traders, like always everything is clear on the chart for you. So consider and monitor the price behavior in the circles. It needs to try again to break the resistance zone for growth. Good luck.
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IOTAThursday, 29 April 2021
18:41 PM (WIB)
IOTA still on consolidation move same as other Crypto's movement today. After reached the highest point as Resistance and touched the lowest point as Support, the price break out from triangle symmetric, and almost similar with Litecoin, XRP, Band, Polkadot, the structure patterns price has break out from descending symmetric triangle. All of the movement, is really depending with Bitcoin. Until now at least.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTA Token Gradually Moving Towards $2.50IOTA token price traded at $2.15 with a loss of 0.93% in the last 24-hour and 2.97% up in the weekly time-frame. Furthermore, IOTA bounced back from the support of $1.50. In contrast, the market capitalization stands at $5.98 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the EMA-20. 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: $1.50
IOTA - target projection 2.7 - 3.2 USDTechnical: 3.2 USD is still not off the table, although the pennant broke to the downside. We bounced strongly off the lower Bollinger Bands targeting the topper band again. Extension would lead to a new high and cross on MACD. 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 3900 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.
Fundamental: Chrysalis part 2 will be released tonight. 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!
IOTA/USDT Reversal ContinuationShould see I nice week from IOTA. Showing some very healthy moves.
We've come down after the downtrend we've been on as of late, we hit support perfectly,
formed a doji right on support, and have since had a nice green daily candle, all perfect signs of a reversal.
As long as the market doesn't do anything to sporadic, we should see a nice run over the coming days and weeks.
I've added to my long position after bouncing off support and have a trailing stop loss.
Trade safe friends!