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IOTAUSD trade ideas

IOTA Is Looking For A Bigger RecoveryIOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023. It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for wave (C) or (3) at least towards 0.30 area, we need to see a rebound back above trendline and 0.20 first bullish evidence level. Bullish confirmation is above 0.24 region, while invalidation level remains at 0.15.
BITFINEX:IOTUSDLong
by ew-forecast
IoTA / USD Weekly chart by history from BITFINEXAs wee see IoTA is in the process of accumulation with strong support levels around 0.25, 0.20, 0.14. Those who bought higher do not want to sell this good asset so cheaply and are waiting for a better time. I am sure that the market will soon collapse and the will touch these levels and most likely will continue to accumulate at these levels for some time until large players return to the risk assets market and the economic situation stabilizes. At the same time, we have a chance to buy an asset that has good technology and has a place in the future. Data marketplace. Based on IOTA, a public market has been opened up for data provided by third-party sensors. The goal is to monetize a market with 2.5 quintillion bytes of data generated daily and growing exponentially. More than twenty global organizations took part in the project, including Deutsche Telekom, Bosch, Microsoft, Orange, Fujitsu and a number of other companies.
BITFINEX:IOTUSD
by ahim007
2
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap. IOTA Stochastic Indicator A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months. Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap. 2018 Bear Market Comparison If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak. After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode. If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
BINANCE:IOTAUSD
by cryptohopper
#IOTA is Solid, Adds 20% as Prices Recover from $0.24Past Performance of IOTA IOTA prices are relatively solid at press time. Although there were hints of weaknesses on September 25, the recovery earlier today has been nothing short of stellar. The bounce means the coin is in a bullish trajectory following the complete reversal of yesterday's losses. As an illustration, it is up roughly 20 percent from last week's lows, anchoring its leg up at around $0.24. #IOTA Technical Analysis From the daily chart, IOTA is firm and price action is bullish. The immediate support is at $0.24 while resistance is around $0.36, or August 2022 highs. Notably, prices have broken out from a descending channel following today's bullish engulfing bar. Therefore, buyers have the upper hand from an effort versus result perspective. Subsequently, buyers can ramp up on dips targeting $0.36 or August 2022 highs in the short term. This preview will continue to hold as long as prices are trading above $0.24—last week's lows and, for cautious traders, above today's lows at $0.27. What to Expect from #IOTA? Traders are bullish, and buyers have succeeded in soaking in intense selling pressure. Since prices have broken above the descending channel, IOTA is recovering as the coin bottoms up after sharp losses over the last nine months. Resistance level to watch out for: $0.36 Support level to watch out for: $0.24 Disclaimer: Opinions expressed are not investment advice. Do your research.
BITFINEX:IOTUSDLong
by Bitcoin_Analyzer