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Iotausdforecast

IOTAUSD hitting support of pennant | A good long opportunityPriceline of IOTA / US Dollar is moving within a bullish pennant. Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support. Volume profile of complete pennant is showing less interest of traders here. 200 SMA has crossed down the priceline to lift the candles up. MACD turning bullish. I have defined targets using Fibonacci sequence: Sell between: 0.2765 to 0.2855 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
1
IOTAUSD formed bullish BAT | A good long opportunityPriceline of IOTA / Tether US , US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at the PRZ level. MACD is strong bearish and Stochastic is in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.2739 to 0.2700 Sell between: 0.2751 to 0.2801 Regards, Atif Akbar (moon333)
Long
by moon333
IOTAUSDT forming bullish Shark | A buying opportunity aheadPriceline of MIOTA / Tether US is forming bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.2657 to 0.2607 Sell between: 0.2707 to 0.2814
Long
by moon333
IOTAUSD is forming bullish BAT | Another good long opportunityOn short term 1 hr chart after forming a bullish BAT pattern priceline of XRP / US Dollar is forming another bullish BAT pattern , sofar all legs are driven as required for BAT therefore I am expecting the last leg will be retraced between 0.786 to 0.886 fibonacci and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 0.2545 to 0.2478 Sell between: 0.2562 to 0.2651 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
IOTAUSDT has formed bullish Shark | Utpo 38% possibilityAfter forming a bullish Shark the priceline of IOTA/ Tether US has formed another bullish Shark pattern and entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Sofar the price action has just hit the spike in PRZ area but MACD and stochastic are strong bearish therefore I am expecting that the price action will give another chance to catch it from potential reversal zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.2368 to 0.2152 Sell between: 0.2555 to 0.2980 Regards, Atif Akbar (moon333)
Long
by moon333
5
IOTAUSD formed a bullish Shark pattern|Upto 123% potential tradeAfter completion of gartley pattern the priceline of IOTA / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area can be used as stop loss in case a complete candle stick closes below this area Volume profile of complete pattern is showing less interest of traders at this area. MACD is turning bullish Stochastic is oversold but did not give bull cross. I have used Fibonacci sequence to set the targets: Buy between: 0.2612 to 0.2052 Sell between: 0.3288 to 0.4595 Enjoy your profits and regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
IOTA USD formed bullish BAT | Upto 81% potential trading ideaPriceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019. Stochastic entered in oversold 1st time since after Feb 2019. I am expecting the next candle stick will be closed sideways or within the PRZ area rather than closing below the PRZ so we can wait for next candle stick whether it will breakdown the PRZ support or will move up back into this zone. I have used Fibonacci sequence for targets definition. Buy between: 0.3036 to 0.2716 Sell between: 0.3797 to 0.4939 Regards, Atif Akbar (moon333)
BITFINEX:IOTUSDLong
by moon333
IOTAUSD - 1D Chart AnalysisAs with Ethereum, the price of Iota has followed the same pattern with 3 different occasions : 1. The price increase which was registered on the 15th of December has been announced by the MACD's crossover on the 10th, the RSI's level of 48 registered with one day before and confirmed by the Stochastic with it's "fast" line coming above the "slow" one on the 16th. As a result we could see a price increase which lasted 26 days (out of which 23 were of bullish trend) and a total growth of 0.1616$ or almost 75%. 2. On the 10th of January, when the price went below the 20 days Moving Average and when the bearish trend has officially started, the RSI had a neutral position at 44, signaling that there were small chances to see an aggressive movement after the big drop in the same day. On the other hand, the ones which have announced the trend change were the Stochastic, which has registered a crossover on the 4th of January and the MACD which went below the Signal on the 9th. As a result, we could see how the price has dropped and we can consider this period more like one in which the price has slowed down, as long as the daily average movement was constantly low for this sector. 3. The last was the price increase which we could see on Friday, the 8th of February. In this scenario, the change in the price direction has been announced first by the RSI, which had the level of 30 and by the Stochastic's crossover registered on the 6th. This movement has been confirmed on the second day by the MACD as well, with it's Signal positioning on the bottom. Today, these 3 indicators are in contradiction, as it follows : * The RSI has a neutral position, at the level of 46, meaning that there is no "impulse" coming soon; * The Stochastic is about to register a crossover, meaning that a possible price decrease may start anytime soon * The MACD is still above the Signal, meaning that the bullish trend which has just started is not over yet. As we can see, the technical indicators are showing different directions, more like on the 16th of December, but if the trading volumes will remain at least constant, it is possible to see the price of Iota setting a new height around the level of 0.31$ for the upcoming days.
BINANCE:IOTAUSD
by ReadBTC