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Iotaforecast

IOTA - pennant formation leading to 3.2 USD?Technical: Iota is forming a pennant clearly visible on the 4-hour chart. This indicates in most cases a continuation move which could lead us to 3.2 USD. It may seem irrational, but taking into consideration what happened during the last weeks I think it is possible. MA-120 and MA-250 are providing great support. I would only reject this hypothesis, if we break through the MA-250 and close below. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
1
IOTA - buyers are strong below 2 USD, do not panic sell hereTechnical: Our target at 2.18 USD has been reached and price overextended to 2.7 USD. Right now we are witnessing a huge sell-off (-40% at peak), mainly triggered by a chain reaction of margin longs being liquidated. At the moment we are finding support at the prior resistance line around 1.9 USD. BB Mid is at 1.88 enhancing this level. From here on I am placing buy-orders down to 1.60 to potentially leverage a few more spikes to the lower support line. Personally, I would not panic sell here as a second and potentially third drop should not be that strong. These are buy levels. Fundamental: The progress of the Iota Ecosystem is astounding. Chrysalis part 2, NFTs and Smart Contracts will enable endless use-cases combined with a zero-fee environment. Since the supply of tokens does not increase as it does for most other coins which have miners, we could soon reach a stage in which price keeps going up, regardless of the correlation with Bitcoin . The demand will increase exponentially, once we see Iota being used to send data & pay in the m2m economy. This is no trading advice. Good luck!
Long
by UnknownUnicorn3707027
IOTAUSD WYCKOFF Analysis - Bullish - #IOTAA combination of Wyckoff Analysis and 'off-chart' Upcoming IOTA updates/upgrades/news We noticed IOTA going through an Accumulation phase from August 2018 until February 2021 when it then exited to enter the 'Re-accumulation/Preliminary Supply (PSY)' phase. There is still no sign that IOTA has reached Phase A of Distribution so this shows that IOTA still has alot of room to grow. IOTA is also corralated with BTC and BTC is also Rising. You can check my Idea on BTC/USD here SUMMARY: 1) According to the WYCKOFF Analysis IOTA exited the accumulation phase and is headed towards Phase A of the Distribution, which means it will grow rapidly from here 2) IOTA is corralated with BTC and BTC is also rising 3) There are many upcoming upgrades/updates on IOTA in the following weeks/months that will create hype and also assist in pushing the price up Overall, I believe IOTA will grow massively in the coming weeks/months Please let me know your comments, Ideas - any feedback will be appreciated ---------- Not a financial advise, this IDEA is only for educational purposes
by hadjithomas
I oughta row, row, row IOTA here.... Break through... PLEASEMaybe the latest news will spurn some life into this floating boat and push us out of this boring little boat we are trending in. There is a small MACD confluence accompanied by a minor uptick in volume and a stochastic uptrend. Does that mean I can jump ship or ride her to paradise island. Look for a little pop... just a wee bit more confirmation and maybe she's heading on up to the EAST side. Probably to join a street gang. Here's a quote from IOTA about nine hours ago. #IOTAQuicktakes - Let's start the week with the latest #IOTA news? The IOTA #token officially on #BinanceSmartChain, the new #Pollen upgrade with #mana being used by #FPC #autopeering, the IOTA #CaWEndar and more. youtu.be
by Ifyouonlyknew
1
IOTA Buy a break.IOTAUSDT - Intraday - We look to Buy a break of 1.426 (stop at 1.376) Daily signals are bullish. Pivot resistance is at 1.410. A break of bespoke resistance at 1.420, and the move higher is already underway. We look for gains to be extended today. Short term bias has turned positive. Price action has formed a bullish ascending triangle formation. Our profit targets will be 1.567 and 1.662 Resistance: 1.420 / 1.470 / 1.500 Support: 1.340 / 1.280 / 1.200
Long
by Signal_Centre1
1