Iotabtc
IOTA is looking like real Ripe Looks like the Tip is forming.
Flat Bull 3 3 5 is almost ready for a break out.
Let's see if this thing is going to Blow.
IOTABTC BUY OPPORTUNITY19-20 level will be a good entry. in the short term take profit %10, in the long term HODL.
IOTA buy zoneIOTA in buy zone, but needs confirmation. wait for a candle to close above 0.0003 for a better confirmation
IOTA looking top heavy - Possible Drop to from failed breakoutsChart is showing a lot of resistance on IOTA to go higher, while it is in a coiled channel, with afurther decending wedge, the momentum appears weak. Anticipate a possible push up from the wedge followed by a failed breakout at the MA, for a possible rejection down and a breakout toward the downside below the old horizontal support.
**note this is not intended for financial advise and is for educational purposes.
Long term bull pennant/flag on iota/btc 1d - 200% + potentialNot a fan of IOTA so don't hold any but will as always be watching for breakout. If you follow standard rules on bull flags there's easily 200%+ potential gains here although FA and common sense makes that seem pretty stretched based on the negative press they've been getting on their tech (well deserved negative press if I may add).
IOTA long (4hr chart)IOTA is at the bottom trendline of a consolidating wedge that has been forming since it peaked on 5th December. We now have bullish divergence on RSI and MACD histogram. These are the setups I like with low risk and reward to the top of the wedge or higher if it breaks out.
IOTA BTC OVERSOLDIOTA IOTABTC is showing an oversold situation on the hr chart RSI indicator.
Also bullish turn, from hitting solid support line, which has seen 3 previous bounce offs.
Note not financial advise, this is intended for educational purposes.
IOTA - oversold and at good support for upward trend IOTA IOTABTC , is showing a turn on the hr chart.
Decending wedge leading to upward breakout potential.
RSI in over sold situation.
IOTA touching bottom support zone which has seen 3 previous bounce offs.
This is not financial advise and meant for education purposes.
IOTA/BTC confirmed breakout from falling wedgeIOTA making a bullish breakout from a falling wedge pattern and establishing upper resistance line as new support, looking to move forward potentially to 26k satoshi
IOTA - correction not done yetIOT/USD 4H
Being in an expanding wedge, we're currently in the making of the subwave 4 of c. I expect price to rise till the marked sell zone ($3.50-3.75). If price proves me right, we should see from there on the start and the final bearish impulse of the overall corrective structure. This could either result in a double bottom or ideally in a lower low till $1.35-1.10 levels.
Monitoring the BTCUSD price, as shown in my previous analysis - would be a good idea - as we still have a strong positive correlation showing up on almost all alts. The max. upside levels for BTCUSD are marked on the chart. In the case of a violation, I do not expect price to break $13.700ish (Bitfinex). From there on, a corrective continuation till 8k levels would seem possible.
Safe trades!
IOTABTC could be gearing up for another big moveIOTABTC has been consolidating for several weeks now. This manifests itself as a pennant on the btc pair and a falling wedge on the ETH pair. Watch for a break up of either of these patterns. 0.00066 BTC a likely target here.
EDIT: notice the bullish bias on RSI as well. Watch for 3/4 of pennant length for break.
*THIS IS NOT TRADING ADVICE, JUST AN IDEA*
IOTA can give 3X profit.Bullish move will be confirmed after breakout.
Huge Potential.
MID TERM
Events on 17,23,24,31 JAN
BUY - 0.00025000 to 0.00027300 BTC
SELL -
TARGET 1 - 0.000448
TARGET 2 - 0.000650
TARGET 3 - 0.000800
Iota to enter a new paradigm (starting now)With fundamentals stronger than ever, the rise of Iota has begun.
The pattern has been completed: While short lived, this just shows how many buyers are lurking.
The general sentiment of the market is fearful and timid, often when its most profitable to enter a position. I believe this is wave 3 so this bull run will continue for quite some time.
IOTA Wedge - 50 MA bounceAbout a week ago I drew this wedge and haven't touched it.
The 50 day MA has followed EXACTLY along the bottom trend line, and the wedge starting to look bullish as the 100 day MA begins to form.
I believe we will bounce off the 50 day moving average for either a good scalp or (if we get enough trading volume) to new or previous all time highs. If neither we will see it continue to consolidate. Possibly even retrace lower if the price of Bitcoin falls more.
The MACD and RSI are back at similar levels they were right before the last huge run up also.
Let me know your thoughts and critique in the comments! Would love to hear opinions and pointers on my charting skills.
