IOTAUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Targets: 0.23 - 0.27 - 0.36
after first target reached move ur stop to breakeven
Stop: ~0.14 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
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IOTAUSDT trade ideas
#IOTAUSDT #LQR #TOBTC #LaqiraProtocolThe price is moving from the weekly support zone with a strong bullish candle to the forward resistance. In the lower time.you can adjust to the Bitcoin levels and confirm according to your strategy to look for reasons to enter the ceiling area. This analysis is a personal view and the offer is not to buy or sell.
IOTA Price Could Enter Another Leg up in the Next 24 HoursYesterday, IOTA experienced a surge in price, resulting in a higher low and the formation of a medium-term bullish price channel on the daily chart for BINANCE:IOTAUSDT . Within the last 24 hours, IOTA's price has retraced by over 8%, bringing it back into the previously mentioned bullish channel.
This retracement has brought IOTA's price to a crucial point as it currently rests on the important support level of $0.2390. If IOTA manages to close today's daily candle above this level, it could potentially embark on another upward move toward $0.2750 over the next couple of days. However, if IOTA closes today's candle below $0.2390, it could invalidate this bullish scenario, possibly leading to a decline to around $0.1985, which aligns with the midpoint of the aforementioned price channel.
While the daily Moving Average Convergence Divergence (MACD) indicator signaled a bullish trend with the MACD line well above the MACD Signal line and a positive slope in the MACD Histogram, the Relative Strength Index (RSI) indicator indicated that buyers had exited the altcoin's charts. The RSI line was sloping negatively toward oversold territory and approaching the RSI Simple Moving Average (SMA) line, which is a bearish signal suggesting a potential price correction in the near future. Nevertheless, the momentum indicated by the MACD suggests that there may still be a 24-hour opportunity for bulls to step in and drive the cryptocurrency's price higher.
WHAT AFTER THE VOLUME INCREASE IOTAThank you for reading this update.
Depending on our study we see that IOTA has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
Since the last increase its important to see IOTA having a new confirmation.
If there is new trend ww follow with new update.
#Nottradingadvice
IOTAUSDT (4H) - Bearish reversalHi Traders
IOTAUSDT (4H Timeframe)
Waiting for the downward break of 0.1786 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.1959 would cancel the bearish scenario.
Trade details
Entry: 0.1786
Stop loss: 0.1959
Take profit 1: 0.1679
Take profit 2: 0.1566
Score: 4
Strategy: Bearish reversal
IOTA/USDT - IOTA: Trend_Reversal◳◱ An intriguing development has unfolded on the FWB:IOTA / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.1677 | 0.1837 | 0.2145 and the significant support levels found at 0.1369 | 0.1221 | 0.0913. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.159, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.
◰◲ General info :
▣ Name: IOTA
▣ Rank: 89
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Bittrex
▣ Category/Sector: Services - IoT
▣ Overview: IOTA is transaction settlement and data transfer layer for the Internet of Things (IoT). It's distributed ledger, the Tangle, is based on a data structure referred to as a Directed Acyclic Graph (DAG). In the Tangle there are no blocks or miners, and every transaction on the Iota network must validate two previous transactions through a small proof-of-work (PoW). Thus the more transactions occur, the faster the network can process new transactions, theoretically allowing the network to become more efficient as it scales.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.159 ₮
▣ 24HVol: 1,827,655.453 ₮
▣ 24H Chng: 3.448%
▣ 7-Days Chng: 12.59%
▣ 1-Month Chng: 6.28%
▣ 3-Months Chng: -9.42%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1677 | 0.1837 | 0.2145
◢ Support: 0.1369 | 0.1221 | 0.0913
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -23.01
▣ Last 90D: -21.22
▣ Last 1-Y: -18.39
▣ Last 3-Y: -18.23
◲◰ Volatility :
▣ Last 30D: 0.36
▣ Last 90D: 0.41
▣ Last 1-Y: 0.57
▣ Last 3-Y: 0.94
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.70 - Bullish
▣ Reddit sentiment score is N/A
▣ In-depth IOTAUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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🚀 **IOTA/USDT - Long Position!** 📈🚀 **IOTA/USDT - Long Position!** 📈
Here's your step-by-step guide to this exciting trading opportunity:
🎯 **Entry Points**:
- Step 1: Secure your entry at 0.1412.
- Step 2: If the trend is in your favor, consider entering at 0.1445.
- Step 3: Further opportunities at 0.1469.
- Step 4: The ultimate target is 0.1522 - the sky's the limit! 🚀
🛡️ **Safety First**: To ensure your financial safety, set a stop loss at 0.1371. This acts as a safety net in case the market takes an unexpected turn.
🚁 **Prepare for Liftoff**: Now, it's time to go long on IOTA/USDT. As you progress through the entry points and your position starts to gain momentum, keep your sights on those targets. With patience and strategy, we're ready to soar together into the world of profit. 🌠🚁
Happy trading, and may your journey be a prosperous one! 📊💰
IOTA/USDT Need to break the pattern or Back to strong support ??💎 IOTA has certainly captured our interest, standing at a pivotal point. Currently navigating within a descending channel, IOTA is striving to breach the pattern's resistance, facing setbacks. Overcoming this boundary is essential for confirming IOTA's bullish momentum.
💎 A few weeks ago, IOTA encountered a robust support zone following a descent triggered by breaking a bearish flag pattern.
💎 This formidable area has repeatedly proven its strength, preventing further declines in IOTA's value on numerous occasions, observable on weekly or daily charts. Each interaction with this solid support has historically propelled IOTA into substantial rebounds, exemplified by the recent surge that led it to the pattern's resistance.
💎 However, should IOTA remain unable to shatter the channel's confines in the coming days, it might retreat, seeking solace in the familiar territory of its strong support zone, thereby testing its resilience once more.