IOTAUSDT trade ideas
IOTA/USDT Keep an eye, If breakout is success, Back to upward!💎 IOTA has recently displayed significant market dynamics. Currently, IOTA remains in a sideways trend after reclaiming the demand area.
💎 There are two potential scenarios: either IOTA breaks out of the bullish flag pattern without retesting the demand area, or it undergoes a retesting phase before breaking the pattern.
💎 In the event of a successful breakout, we could witness a significant upward movement, probability leading to a retest of our target strong resistance area.
💎 However, if IOTA retraces back to the demand area at $0.23 - $0.22 and breaks below it, the price may resume its downward movement. The next key level of support would be tested, and if it fails to hold, the price could decline further. In such a scenario, IOTA might revisit the strong support area for potential stabilization.
IOTA/USDT | 1W 👀IOTA/USDT | 1W 👀
Fundamentally, the project is undoubtedly intriguing. However, its market dynamics don't reflect this fully, as the coin remains range-bound.
From a technical analysis perspective, we're in a classic bearish cycle (no need for explanation; it's evident on the chart), and the price is within a long-term accumulation zone, where it can be confidently acquired spot-on (though, a pullback within the range down to $0.15 is acceptable - keep this in mind).
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of IOTA. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Investing #IOTA
iota looking bullish seems like iotausdt has already bottomed out and preparing for solid recovery in coming weeks
approaching towards multi year descending trend line and expecting breakout too incase of successful breakout expecting massive recovery in coming weeks
successful breakout can lead massive bullish rally towards 0.50$
IOTA/USDT - Poised for a Turnaround Post Liquidity Sweep and S/RToday, I'd like to delve into the intriguing dynamics of IOTA/USDT, particularly highlighting its current positioning on the higher time frames, complemented by a detailed look at the daily trade setup. We're observing some compelling signals that suggest a potential upside in the near term.
Technical Analysis:
Higher Time Frame Outlook: The higher time frame for IOTA/USDT has been showing strength and stability, laying a solid foundation for potential bullish movements.
Liquidity Sweep Completed: Recently, IOTA has undergone a liquidity sweep, which is often a precursor to a significant directional move. This sweep can signal the exhaustion of selling pressure, setting the stage for a bullish reversal.
Support/Resistance Flip: A key development to note is the S/R flipping. IOTA has turned what was once resistance into support, a classic bullish signal that often precedes upward price movement.
Daily Trade Perspective:
Entry Points: Look for confirmation of support holding on the daily time frame, which could serve as a robust entry point.
Targeting Profits: Set your profit targets based on key resistance levels overhead, which could act as potential take-profit zones.
Risk Management: Given the volatility of the crypto market, it's crucial to employ prudent risk management strategies. Ensure to set appropriate stop-loss orders to protect your capital.
Why IOTA is Worth Watching:
IOTA's unique technology, particularly its Tangle ledger, offers significant advantages over traditional blockchain in terms of scalability and transaction fees, making it a noteworthy project in the crypto space.
Continuous development and potential adoption scenarios in IoT (Internet of Things) make IOTA a fundamentally strong project with promising future prospects.
Conclusion:
The combination of a positive higher time frame outlook, a completed liquidity sweep, and a successful S/R flip creates a potentially lucrative scenario for IOTA/USDT. As with any trade, keep an eye on the broader market sentiment and news that might impact the crypto market.
I'm eager to hear your views and approaches to this setup. Let's discuss more in the comments section below!
Happy Trading!
#IOTAIn the H4 period, it is moving in a medium-term ascending channel, which is moving in a short-term descending channel with the formation of two lower ceilings. If the red box area does not break, the correction can continue until the specified areas. The current structure is corrective in the lower time frame and this upward corrective movement can be a pullback to the broken structure.
Accumulate IOTA
IOTA broke the two key resistance EMA50D and MA200D with a huge buy volume three weeks ago. Prices have been consolidating above these levels.
A relative big buy pressure would make the EMA50D crosses the MA200D and then trigger a rally.
My plan is simple:
Entry : Buy IOTA at this price $0.28 and DCA to $0.24 if price goes there.
Take-profit : Mid-term targets are in charts. If you believe in the fundamental (IOTA 2.0 for parallel validation of transactions will be released soon), the long-term target is very possible.
Invalidation : 1W candle closing below the EMA50D
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
IOTA/USDT Keep on Eye, Ready for continue upward movement ???💎 IOTA has been making notable strides in the cryptocurrency market. Recently, it experienced a rebound from a key demand zone, which previously served as a supply area.
💎 If this rebound is sustained, IOTA could potentially continue its upward trajectory, aiming to test and potentially break through a critical resistance trendline. Successfully breaching this resistance, probability could pave the way for IOTA to reach stronger resistance levels, aligning with our target area.
💎 However, should IOTA struggle to break this pattern, there's a possibility of a retreat back to the demand zone for a reevaluation of momentum.
💎 A critical juncture arises if IOTA revisits this demand zone and fails to uphold its value above it, breaking through the demand floor. Such an occurrence would signal a shift to a bearish trend, potentially leading to a downward movement toward a support zone.
💎 In an extended bearish scenario, IOTA might even reach deeper support levels, emphasizing the importance of monitoring its ability to sustain above key demand zones.
IOTAUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 0.33 - 0.37 - 0.41
Stop: under 0.2 (depending of ur risk).
RR: 1 to 3
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
IotaWe stood for the second time at 2990₽ and we can’t go higher.
The patterns of the golden cross and triangles have already been fully worked out, the moving averages are tightening up, there is a local maximum zone again, what next?
On the short-term chart, the asset has almost completely completed the symmetrical triangle pattern, approaching the local resistance level (previous highs), and the rollback from this level is also within normal limits.
I expect a rollback to 2800~2850₽, then go through the local maximum and resistance zone 3 times (I see it at the level of 3017.5₽).
By the end of the year there is a great chance to reach 3100 rubles, and the prospect of growth up to 3300 rubles
IOTAUSDT ready for the next decent pumphi traders
IOTA had an impressive move of over 160% since its bottom.
After that we have been in a corrective period and now it may be a time where we will see IOTA going higher.
The chart looks very good.
Once it breaks 0,366 $ , it should fly towards 0,55 $
We are bullish on IOTA
Do you agree?