IOTA could be potentially ready for a REVERSAL (Part 2)Here's the link to the first chart I published on IOTA last week:
In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only in that case it's a potential reversal. Always wait for the confirmation.
This time I've choose to show more information on the chart about MACD bullish divergence, Stochastic RSI and the rest of my notes. Visually it's more intuitive and simple to understand I hope.
Remember that I'm not a professional trader. So I obviouly make mistakes. So, If you have some suggestions don't hesitate to write them in the comment section below.
Bye guys
Iotabtc
Climb, rest, climbHello friends
Should have a price of 22% growth. After the failure of the channel
But the price formed after the defeat of the ascending triangle
After the triangle is broken, the overlay is created by upgrading the channel
So, our first target is between the overlapping prices of 16.810 and 16955
Note: We have the probability of forming the third wave of the Eliot. It is in the middle of the path of strong resistance resulting from the overlap of the Fibonacci .... Therefore, the possibility of correction and resting the price before reaching the third wave of Elliot
IOTA IdeaThis is my first post here, so take this with a pinch of salt!
I'm wondering whether i've got the levels right and also the use of fibonacci. Basically I'm trying to put into practice some of the stuff i've been picking up from Philakone and Cash is King. Any comments / thoughts welcome.
If I was going to trade this I would:
Look to confirm the uptrend, It appears to be on the 3rd wave having broken a downtrend. The 55 EMA is lower than the 21 13 and 8 which I believe is positive.
If it goes to the 1.618 extension then with a stop loss at 5% below, there is the possibility of 23% profit which is a great risk to reward ratio.
I'm going to watch this and see what happens next.
IOTABTC - awaiting volume - bouncing from the trendlineLike all of the other alts IOTA is also suffering from BTC volatility. I am expecting some movement soon as BTC is getting stabilized a little.
We still need volume to breakout.. maybe couple days or maybe weeks.. but it will pop soon as the product has a good potential.
PS: Accumulation zone!! Take profit at Fibonacci levels.
Please hit "LIKE" to support the idea.
Thanks!
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
It's out to get you!Here you will see a coin that's been in a downward trend for quite sometime and has a while to go. Quick lesson as to what you should of done for next time. Included this for free.
Scary for all the bag holders, so many people hold these things until the death of the coin. I suggest you stop right now with IOTA.
It's in limbo no support for another 10% down in a clear trend, so pack it in offload it and buy it lower.
Is there a risk in selling and it taking off the next day? In this case only if they reached out and made massive announcement still then you would only see a pump.
The next bottom is .786 fib where the black line is this support should hold, i would still buy after we have a bounce. It may consolidate here for a while so then don't buy until you can see a positive divergence I will update this thread when needed for this.
By selling now and buying lower here is 10-12% in savings, this is a short trade all day long.
Quick lesson below, if you see lower highs and lower lows it spells out downward trend so you could see the change in trend on very first lower high. Meaning you could of sold at the first lower high which is first purple circle at top. Would of saved loads of heartache.
Don't worry about selling at a loss if you have to at times if you buy something for $2 and sell it at $1 your technically not at a loss (well your position isn't) until whatever you sold goes back over $1.... as you can buy it back at $1 later on and let it take you back to $2 but don't let it take you to .50 cents. Some people say I don't want to lose on this trade i am going to hold through it... what exactly are you holding through more losses? Sell make money else where and come back and buy the coin back cheaper. If you own 1000 IOTA sell now and buy back at my target and you will own 1100 IOTA yes that's right 100 IOTA free, gift for you.
Cash Is King! Sell this and join one of our trades that are making cash, don't watch grass grow and your money go down!
IOTA Unsure of What it WantsSupport around .000122
Resistance at .000165 at .786 FIB, expect bounce if BTC stays stable, expect it to drop to support at .0000823 if BTC tanks or rockets
MACD looking like it wants to play bullish here
Pray for BTC to stay stable
This is not financial advice. Strictly a hobby of mine to help learn TA.
IOTA could be potentially ready for a REVERSALIOTA had been sold for a while now. If you look at the daily chart, from february 25th 2018 we had the first attempt to break the the descending trendline (in yellow).
It seems like IOTA had found support at around 0.00014000.
In the short term, like shown in the chart, if it breaks above 0.00014400 it will go through the resistence line (white dot line) at 0.00015600.
Notice that Volume from the 1st attempt are going down, so this could be an accumulation fase. MACD in the 4H chart is at a good point beacause of the divergence in the past weeks (violet arrows) and the Stochastic RSI is fully oversold. The only negative thing here is that we are below the Ichimoku Cloud
This is not financial advice but could be an interesting spot to enter a little long position, obviously waiting for a confirmation signal.
Putting a stop-loss is a great strategy and I repeat always look for a confirmation.
IOTA Indicators Bearish Short Term (HIGH RISK)This is a HIGH RISK trade for short term and medium term traders if you enter today.
Indicators starting with MACD and ending with Moving Average are all bearish and we personally will be watching from sidelines until we see positive movement.
Great alternative investments are available currently.
Do not invest what you can't afford to lose. We are not your financial advisors.
IOTA / ETH nice Entry!Hey Guys,
Keep an eye on IOTA/ETH. It is bargain time!
I think that you are smart enough to judge the trend, even if I do not draw any artworks today.
To make it short and sweet:
If you look at the Indicators ( 4hour Chart)
you can see from the MACD and the RSI that the price is correlating with the current BTC descent and it will fall even further as long as BTC continues to be "Mt.Goxed " :D
So IMO, think it will be a great opportunity at the next dip of BTC/USD to enter a long Position in IOTA.
For the long-term hodlers:
By the way, IOTA is planning to expand in the following countrys: Toronto, Tokio, Oslo and Taiwan, which is likely to have an additional positive impact on its level of awareness and price.
Source: www.bloomberg.com
As always, I'm happy about your opinions and a bullish thump ;)
IOTA CRISISFundamentally, the crisis seems to be far from over, and a lot of weak hands need to get out before market start rising.
Short term, sentiment in IOTA is pretty bearish, as the charts show us: the RSI is below 50 level, the MACD below the centerline, and the EMA lines act as strong resistance.
So when Public Opinion will moves below the red dotted line or above the support level in the chart, it means that we must monitor the market to find the best point to open a long position.
IOTA/BTC = needs to leave white triangleHello my friends !
I really like IOTA/MIOTA project. Im not holding yet. But really like to buy some.
It´s a really good longer-term investment with EXCLUSIVE partnership announced last week.
IOTA has very decent future visions and I will defintely follow this project.
MIOTA has chance (statisticly ) raise 3-5 times by Q4-2018.
At my 1 Day timeframe chart, IOTA actually waiting for breakout from white triangle.
Probably upper, but nobody really knows. I doubt, IOTA goes to golden line support.
RSI oversolded 1 week ago...
I draw actual supports and resistances , so we need to watch next trend moves : )
I will be glad, if you leave like or comment below.
Sincerelly,
Majo Emvi.
*For education purpose only.
IOTA - Possible Breakout?Looks like IOTA is reaching the apex of a right triangle, and may break into an upward trend for a bit. This is all based on what happens with BTC over the next 24 hours, as BTC is still currently the driving force in the market. Until it stops pumping, alts will continue to suffer. Although, this upward 1-5 EW could happen to a lesser degree without any sideways movement of BTC just based purely on the amount of sellers being depleted at the local price levels. Will update in 24 hours if anything changes drastically.
Quantamize Machine Learning Iota Signal 3/3Quantamize proprietary Machine Learning algorithms have generated a 3-day "Don't Own" signal for Iota as of 3/3.
We will be updating and producing more signals today and posting performance as well - stay tuned!
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IOTA short consolidation & newsBITFINEX:IOTUSD has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD has been going down.
I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will develop now and where it will get us.
We could see on the chart that IOTA broke the 2 $ resistance line, but not long after, it came back to where it was. It is staying solidly around the line of 1,95$-2,02$, which is a good sign.
This is just a small consolidation, then we will see next up.
We could see the three following resistances, 1st at 2,20$, 2nd at 2,60$ and the third could possibly just be a fake breakout, so we should be careful about it.
But first, let's see how things will develop with the first resistance line because it is the most important one.
News:
Official Bosch Press: Bosch turns Chinese cities into SmartCities with IOTA!
twitter.com
Events are as it follows:
1 March 2018 - Founder of IOTA speaking at an online conference - Crypto Virtual Summit.
14 March 2018 - SXSW Conference - Dominik Schiener will be speaking with Ayelet Noff about building a machine economy with IOTA.
16 March 2018 - Business Plan at BBCTokyo - Presentation of business plans at the Blockchain Business Camp Tokyo.
31 March 2018 - Partnership w/ AV testbed - "Q1/Q2 2018 is when we start announcing some of the partnerships for AV testbeds.".
31 March 2018 - Trinity Wallet Beta.