IOTUSD trade ideas
IOTA struggling around EMA 50 (Weekly)IOTA/USD Weekly & Daily Chart.
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IOTUSD Has a Bearish Wolfe Wave PatternIOTUSD Has a Bearish Wolfe Wave Pattern. If price breakouts the wolfe wave line, price may continue to fall down.
"Endings to be useful must be inconclusive."Imagine getting the same result with less than half the effort/volume out of one single shitcoin.
Well you don't have to because they made it real.
This idea was brought to you by the IOTA foundation and your favourite boiler boards, possibly, maybe.
Please remain seated and hold on to your bags until the plane has come to a full crash.
(Again, this is satire and should not be taken seriously.)
How to trade a triangle breakout using Elliot Wave Principle. Triangles provide great opportunities when it comes to solid trade setups. Such a setup presented itself in the IOTA market. There are ways to properly trade these setups with correct risk reward levels and without increased stress levels.
I have just recorded a 10 min video on how to do it , so pls check the YT link below the chart for advanced explanations.
IOTUSD Heavy bullish sentimentIOT has broken above the 1D Channel Up that started the strong uptrend early in January.
Levels to watch:
- The price not only crossed above the Channel Up on the 1D chart but also broke the 0.618 Fibonacci retracement level.
- It is comfortably above both the MA50 and MA200 and in fact a Golden Cross may be due.
- The 0.3150 four month Resistance broke.
- The RSI on the highest values since December 2017.
Projection:
- This is a strong bullish signal with IOT potentially turning parabolic here. The targets are the next Fibonacci retracement levels: 0.786 = 0.4200 and 1.000 = 0.5580.
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IOTUSDHey Friends, here my Analysis to IOTUSD. Bull Flag in the Daily Chart. (all Information in the Chart)
*Just my opinion no financial advice.*
IOTA still at +65024% ROI and up 100% in 2020Iota is up 100% this year, but in a brutal downtrend since its binance listing.
Iota has great fundamentals but hype and a misinterpreted microsoft partnership pumped the price to unhealthy levels.
One of the important points to determine iotas potential future lows is the all time ROI and iota is up +1278% since its ico which is the second most successful ico after nxt.
Since the iota tokens sold at a really low price at its ico the low term correction still has alot of downward pressure.
TLDR: Great fundamentals but still highly overvalued at +65024% ROI. And always made a new low after a 100% upside push.
No financial advise!
IOTA USD Long I feel like we are building excelent levels and maintaining those levels of support while rising. I am currently looking to open a long position if we drop back down around .21 or .22
IOTA Prints Weekly Buy Signal Over the next several weeks/months I expect the price per miota to accelerate towards the $0.40-$0.50 range
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2215)
Ending of entry zone (0.1895)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2880
TP2= @ 0.3510
TP3= @ 0.4535
TP4= @ 0.5550
TP5= @ 0.7450
TP6= @ 1.1145
TP7= @ 1.4130
TP8= @ 1.7110
TP9= @ 2.1945
TP10= @ 2.6775
TP11= Free
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2215)
Ending of entry zone (0.1895)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2880
TP2= @ 0.3510
TP3= @ 0.4535
TP4= @ 0.5550
TP5= @ 0.7450
TP6= @ 1.1145
TP7= @ 1.4130
TP8= @ 1.7110
TP9= @ 2.1945
TP10= @ 2.6775
TP11= Free
IOTUSDHey Friends, here my Analysis to IOTA. (all Information in the Chart)
Just my opinion no financial advice.
VERY SIMPLE ANALYSIS ON IOTA HEADING TO THE $0.30 LEVEL!Some of us like me have been trading this coin from the $0.157 levels and based on measured move in technical analysis, IOTA is likely to hit a major target and resistance of approximately $0.300 before retracing to test and potentially find support on $0.2201 comfortably.
NOTE - This is a weekly timeframe so it may take a couple of weeks or less to play out.
Please like this post if you find it helpful. Your comments, inputs and thoughts are also welcome :)
IOTUSD - Fib catchThe 0.618 is usually reliable.
Exit when IOTA doubles in price from the bottom, or double tops.
Iota possible 50-100% short term correction from parabol break1D Rsi shows highly overbought conditions. This relief rally, after a new all time low since trading started against TUSD on Binance, is most likely followed by a big retrace seen in Iotas price history.
Me being short term bearish on bTC too supports my idea since IOTA follows BTC more or less.
Seeing support at 0,15 while also seeing old support become resistance at 0,25 for now.
WIth iota having good fundamentals and a really good team and vision behind it i am long term BULLISH.
But until their coordicide id recommend DCAing in at oversold RSI to accumulate because if they succeed i see them back in the TOP 5 cryptos for sure.
Have a great day traders :D
IOTA got usefull power for crypto.
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Check the chart :
