IOTA is drawing head & shouldersIf price broke the neckline (i.e. if we see daily candle closed below it, which we can see but it is still very slightly) IOTA will move down (I have drawn how much down). My bets are that it will go through the neckline, so, save your money to buy low.
DeM gave us a sign for overbought market, now the price have made top below EMA 14, these are signs that the price will go down.
Fibonachi time zone shows us that May 21 could be top or bottom.
Iotausd
IOTA is one of the Biggest Losers of DayThe Internet of Things project’s cryptocurrency is one of two true “leaders” of the day as it has suffered significant decline and has lost about 7.62 percent in the past 24 hours. The currency pair reached new local lows at $1.68 area.
IOTA jump off this support level later and almost touched the local descending trend line (red). IOTA price is far below the Ichimoku cloud meaning bears have full control over the market in the moment of writing.
The possible scenarios for the crypto are the following:
1. IOT/USD will move upwards and test the red local descending trend line. If successful, the buyer will be able to reach the closest resistance area at $1.79.
2. IOTA will start to decline and reach the closest support area at $1.68, which coincides with the local lows, established yesterday.
3. The coin will stay close to the current levels without significant changes.
The currency pair has reached the higher border of the Ichimoku cloud on the daily chart and the moment of truth has come. Bulls are still in control over the market but may lose their momentum if bears push the price below the indicator.
Check more detailed crypto analysis HERE
IOTA Will U Up to go deep to the sea?Okay Now I will give my analysis about IOTA/USD on BITFINEX another fenomenal coin
In My Analysis iota seems like you can entry yeah i say again you can entry but dont hold it too long
just for swing
Here is i want to tell you the reason
1. Bearish Gartley
IOTA makes a good move and make a double bottom and reject to go more down but if this IOTA Up to the 0.786 Fib Retracement and 0.236 fib fan line will form a bearish gartley that make iota more cheap than now
2. Bearish Butterfly
Do you think IOTA can go up if IOTA can pass the 0.786 fib retracment?
See that IOTA makes another pattern yeah Bearish Butterfly will happen if IOTA can do something and go up in FIb 1.00
3. But We See Bull Divergence in Here
Bull Divergence
and i make a another fib retracement in fib IOTA/BTC if you want to see
The Target will same with IOTA/USD
So IOTA is good to buy but dont hold it too long cause 2 pattern above will happened anytime
Thanks for Visit
Syaerulid
IOTA FACING RESISTANCEIOTA is faced to important resistances against dollar, Bitcoin and Ethereum. A breakout could be strong.
Against bitcoin broke another time the psychological resistance of 0.00024 (first ATH against BTC). It attempted to break it during the strong bull run of end 2017 but it was not supportive.
It is good possible that IOTA found yet more strenght to transform this resistance on support.
Actually is in a channel and is trying strongly to break a resistance inside this channel.
Against dollars it's also facing an historical resitance. Same for EHT.
If it break all this resistances. It would be a clear buy. Otherwise return to the trend.
BIO
IOTA bullish flagAfter leaving the long descending trend channel IOTA rose quickly to about 2$.
It´s now between two swing trend lines; one at 2.38$ and the other at 1.78$.
It then lost the momentum and entered a bullish flag - which can also be an ascending triangle. Both patterns are positive in the long run.
As long as IOTA doesn´t cross the support at 1.78$ the trend stays positive.
RSI is in bullish zone, levelled out and could start a new rise.
ADX: DI+ has lost of its momentum but also levelled out, while DI- is about to fall.
conclusion: at the peak of the mentioned triangle a breakout to the top is very likely. the first aim could be the fib retracement 38.2% at 2.42$
Stop:
first stop at support 1.78$ (swing trend line), second stop at support 1.63$ (fib retracement 23.6%)
trend is broken if IOTA crosses the second support and remains below
IOTUSD Long Position - Bull flag in the makingIota is becoming one of the top names in the crypto scene and is truly trying to change the entire automisation industry.
They've had some big partnerships in the past and keep releasing big news quite frequently. There's some big stuff coming in the nearby future which will for sure boost it's price, however in the short term I think we'll see it retest it's high from a day ago ($2.70/MIOTA) and maybe break up even higher towards the next resistence level.