IOTBTC trade ideas
$IOTA - Breakout Decision Time?IOTA has broken above my trendline. Confirmation has not occurred yet as we need to see the next move.
MACD with a bullish crossover
RSI holding trend so far
Current push has came close to 55 EMA as resistance
STOCH looking like we may re-test this trendline for confirmation
IOTA time to shortIOTA shows its weakness at IOTA/BTC chart.
We can see:
Bad cross of EMA indicator
Failed growth on 19th of May
Bear divergence at day RSI chart
ATH of LONGS at IOTBTCLONGS chart Bitfinex (!)
IOTA/BTC is going to at least double bottom, which means we will see 0.000040 soon or even lower!
Stop loss at 0.000039.
IOTA - a perfect buy level in the coming days/weeksIOTBTC looks like a perfect buy soon. It has formed a falling wedge (red). It can still go lower to the all time lows @ ~0.000043 BTC and form a double bottom. If that happens, especially within the falling wedge it is a no-brainer for me. Watch for incresing volume in the next weeks. The target might be lowered if the upper line of the orange triangle acts as a very strong resistance.
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This is not a trading advice!!!
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IOTA/BTC looks good.IOTABTC is made a higher low for quite a while
DMI : DMI+ is rising, slightly down from yesterday (28may) while DMI- is still down create a range between each of them which is good for bullish trend for now. keep in my the DMX is still not confirm this is a strong bull momentum yet (below 25)
Macd : still expanding it's buyer volume while it's still lower than previous buy volume which is higher.. creating exaggerated bearish divergence until it invalidated if the buyer volume could be higher than the previous high.
Volume MA still neutral although there's a spike of buy volume yesterday (28may)
if it's remain above current trend line it's good sign for bullish momentum to developed.
posible H-C-H en IOTA/BTC iota ha tenido buenos fundamentales recientemente y hace no mucho toco minimos historicos en el iota/btc de binance, desde entonces el precio a venido subiendo y en los proximos días podria dar un rally al alza importante con lo que parece ser un H-C-H en graficas de un día, todavía necesita confirmación, pero parece ser que podría tener buenas ganancias los proximos días.
IOTA primed for a moveQuick TA on IOTA
Indicators:
DI crossover signalling trend reversal
MACD crossover as well
Stochastic trailing behind
Primary focus would be strong volume and breakout to the upside from the inverse H&S neckline.
Look out for ADX momentum to come in (>25) as well as Stoch above 80. Volume is still weak so it will take sustained volume to keep price momentum upwards.
At the moment, still seems like a fakeout is possible and just a completion of an inverse Elliot Wave. If indeed a breakout occurs, the 200MA (in red) would serve as the strongest resistance.