IOTABTC BINANCEIOTABTC formed inverted head and shoulder and reached the target of 43% over long period.
Currently, it is testing support at lower Fib level and soon it may break and reach multiple TP's as listed on chart.
Major resistance is 50% Fib level which would take another few weeks to reach over there, so holding coin is good for a couple of weeks.
Iotabtc
$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/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.
A trading opportunity to buy in IOTABTCTechnical analysis:
. MIOTA/BITCOIN 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 53.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00005010 to 0.00004200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00005010)
Ending of entry zone (0.00004200)
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 the 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= @ 0.00006260
TP2= @ 0.00007060
TP3= @ 0.00008020
TP4= @ 0.00008540
TP5= @ 0.00009580
TP6= @ 0.00012900
TP7= @ 0.00015600
TP8= @ 0.00018290
TP9= Free
A trading opportunity to buy in IOTABTCTechnical analysis:
. MIOTA/BITCOIN 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 53.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00005010 to 0.00004200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00005010)
Ending of entry zone (0.00004200)
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 the 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= @ 0.00006260
TP2= @ 0.00007060
TP3= @ 0.00008020
TP4= @ 0.00008540
TP5= @ 0.00009580
TP6= @ 0.00012900
TP7= @ 0.00015600
TP8= @ 0.00018290
TP9= Free