Iota - buy at supportIota's failed 2nd breakout forms a channel with a buying opportunity as support kicked in again at short team 0.236 level. target $5
Iotaforecast
IOTA will raise, target 7.3 usdIOTA/USD is making a symetrical triangle with the confirmation of decrease volume, this is very bullish.
stay tuned.
IOTA - Play Smart and Play SafeWe have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support.
Trade Setup:
Stop Loss $4.20 USD
Target: $5.20 USD
Next IOTA MovePlease reference the chart - strong ascending triangle with steady volume indicates another bull run. Buy and hold in designated green zone.
IOTA in good trade setup, can it break upside for 80% profit ?BITFINEX:IOTUSD
Friends, The pattern I look at here is symmetrical_triangle
stockcharts.com
The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout.
MACD's trend is up another good sign.
Entry :
1) On the lower of the triangle or
2) Buy now or
3) On the breakout.
Target :
80% or approximately $9.
Stop loss : break below the lower side of the triangle, Exit.
I will keep this thread alive with updates. Post our thoughts, please.
IOTA/USD Breaking Out To New All Time HighIOTA currently broke out from the consolidation inside the triangle with trending volume.
Target: $7.00
IOTA ready for another big runUsing peak as 1.0 and base as announcement price we see strong support the last few days. Price is consolidating since peak forming a pennant. Market is bullish right now. Height of pennant inline with 1.272 level if bullish breakout is confirmed. I'm saying breakout is confirmed if tomorrow's 1 day candlestick closes above 4.70.
IOTA launch closing inpretty sure we are going to see a pump here at the end of this triangle. i think its safe to buy on the last retrace to the bottom.
IOTA - BTC Futures FUD is Over, To Infinity and Beyond!The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're looking to retest $4.45 again, if we managed to breakout, it is a very bullish signal. We're very likely to go all the way back to $5.15 before bouncing back down.
We have 2 support. A weaker support at $3.75 as seen on 12/8 and 12/10. A super major support at $3.5 as seen on 12/8 and 12/9. We have managed to stay above $3.5 despite all the BTC FUD indicates that $3.5 is a very solid support. If $3.5 support breaks, we're looking to sell everything immediately.
Trade Setup:
- Stop Loss at somewhere around $3.5
- Sell 30% IOTA at $5.15 to secure profit in case we can't break through $5.15 resistance.
- If we manage to break out of $5.5, there's nothing that can stop us. Sell 70% at $5.9
Investors are unsure right now. Decision within the next 5-20h.Investors are unsure about IOTA right now. If the immediate support line at ,000302020 breaks, the price will further drop. Next stop is the uptrend line which forms to a certain degree a big flag including the big surge.
ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not follow red and green stays at its current level, the downtrend is not confirmed. Keep an easy on that. Volume is missing though.
RSI is oversold at 1h and 2h while it shows at the 4h a cool downtrend from being oversold at around 65%.
If bulls do not decide to take over within the next 5 hours, bears will show interest to take over. If so, bulls bought some time until to decide again.
Disclaimer: I’m new to TA and just try to contribute some thoughts. Feedback is more than welcome.
I also would like to clarify that I am into IOTA invested.
IOTA target 7$Elliot wave seems to fit very well given current IOTA pattern. If it keeps following the Elliot wave impulse A good first target would be around $7 .
IOTA. Can it break resistance and break the bearish trends?In IOTA, 3 important resistances seem to come together in one area highlighted with the circle. I believe, that if it breaks that resistance, it can go bullish again. Be careful though.. it has already seen explosive movement upwards.
IOTA possible bottonAssuming BTC don't crash IOTA can push above past ATH . The ABC correction is finish, we may only need sometime for a consolidation.
IOTA, long opportunityStop-Loss : 3$
Take-Profit1: 4$
Take-Profit2: 5.50$
Take-Profit3: 10$ // Long term
IOTA trade idea for day traders.With the world's fast-growing adoption of Internet-enabled everyday products, the business-to-business market for the "Internet of Things" (IoT) is exploding. Analysts forecast that B2B spending on IoT technologies and solutions will reach $267 billion by 2020 -- and as more devices create a near-endless stream of data, the market for data-driven insights is being eyed as a catalyst for IoT growth. IOTA is the e-currency of IoT and IOTA's value will be much more than whole IoT market because it is a limited commodity.
I called for long when the IOTA price was 1.04. People who have followed my advice made decent money.
I expect IOTA price to be >100 USD by the end of 2019. For that reason I recommend to buy and hold.
But if you are a day trader there is a good trade opportunity:
We are currently at red 5 on hourly chart according to Tom Demark count. IOTA price will fall up to 4 more hours then uptrend will start again. We are currently at green 4 on daily chart and green 5 on weekly chart. Which means bull trend will continue at least 4 more weeks.
Here is my short term idea for day traders:
Long at: 4.02 (fib. 0382)
Take profit at: >5.5
Stop loss: 3.4
IOTA - Take some profits before it will be cut in halfIOTA had an incredible run over the last weeks. I have been aggressively buying into weakness in September and October below 0.45$.
Now it is about to reach the 3.618% Fib extension at 3.78$ and is getting overbought in the short-term.
I´d recommend to take some profits off the table and put some limit buy orders between 1,50$ and 1,90$.
As far as I can see the volatility will rise dramatically and a 50-70% pullback is getting very close...
Take some money off the table but don't short this bull-market...
IOTA Bull Trend Will ContinueIOTA gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. I expect the bull trend to continue for at least 7 more days.
We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend.
Support level-1: 1.96 (Fib 0.5)
Support level-2: 1.45
According to Boston Consulting Group market analysis, Internet Of Things Market will reach $267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity.
I recommend to buy and hold IOTA for long term.
If you are a trader, here is my short term idea:
Long at: 2.39
Take profit: >4.0
Stop loss: 1.40
The rise of IOTAIt is incredible, right? Yes it is. I will write something more incredible. My safe target is : 5.44$. Dont be suprized :)) It is the safe one. My crazy expectation of IOATA is 7$. Therefore, LONG LONG LONG
IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing.
Orange - Resistance.
Pink - Support.
