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IOTAUSD: Double Bottom support strong, looking for resistanceTL:DR - Double bottom shows strong support at $0.93, expecting range bound/sideways action for the next several months This is the IOTAUSD chart with 1h candles. Here was my TLDR from last time: Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. It really is amazing how market psychology reinforces certain price levels. In the last week we have seen Iota retest the $0.93 low set up in early April and within two days bounce off this level. Clearly $0.93 is a strong support level for Iota. Where does price go from here? We have bounced off of a strong support and seen a 25% increase over the last 5 days. Next we will run into the upper bound of the descending triangle set up somewhere around $1.40. My suspicion is we will break the resistance line in the next few days but will then struggle at previous levels, notably: $1.50, $1.55, and $1.94. My overall outlook for the entire market is that the worst is over. We may go slightly lower but not by much. This is the time where those coins just in it for the lambos go bust while the coins that really want to change the world silently plug away at making something revolutionary. As such I would expect we see range bound action in the whole market with projects pumping randomly on news. Support for Iota will be $0.93 whereas resistance will be $1.55, $2.00, and $2.57. These are the levels I would consider trading a small portion of stack in hopes of earning more. ***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
BITFINEX:IOTUSDLong
by ruud_one
IOTA Holding the linear trend lineIota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory. It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since last lower high we've got on the 3rd of July 2018). Many guys are posting here that IOTA broke the support, but try to switch your scale and you will see that we have got a nice bounce and that the last lower high fits better with the linear scale. So for me it's not a sell yet!! Especially not with other indicators like MACD and RSI printing a bullish divergence and the daily stoch RSI having on the bottom as well. Let's have a look how iota will behave around the 1,45$ (if we get there :-) In case our uptrend (support) line gets broken, we can expect a quick fall into a double bottom at 0.9$. From there we could see a reverse of the trend or continuing our fall, which would be very nasty (trying to find a new bottom on the support line of the falling wedge which could go very deep and form a zig-zag ABC correction). Moreor less the further development of the price depends on the bitcoin's price anyways. Stop loss under the local swing low ( I'll set it up at 1,111$ because it's a nice number)
BITFINEX:IOTUSDLong
by zorino
1
IOTA ABOUT TO BREAKOUT FOR 400% ? - CryptoManiac101Iota is nearing a possible breakout with 54% possibility of upward breakout according to prior cryptocurrency pattern breakouts of symmetrical triangles. We also should not disregard possibility of downward breakout which stands at 46% possibility. That is why we have Safe SL outlined on chart. Most breakouts occur within 70% - 74% of pattern progress, however earlier breakout are likely. Long term holders should go into this coin regardless. Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Long
by CryptoManiac101
7
IOTA. It's dangerous to buy now the trend line was break by buyers, after sellers returned the price under the trend line after 2 months. After breaking the trend line down, its test is now under way. If he is successful - then I see the following: 1) The price falls to the price zone 0.74-0.81 - from where it again tests the trend and goes 0.51-0.56 2) The price falls to the price zone 0.74-0.81, from where the rebound begins to 1.11-1.21 I will consider the long variant only when the price is fixed above the price range of 1.11-1.21.
BITFINEX:IOTUSD
by P_S_trade
Equilibrium broke like anticipated, now take profit!Hey guys, just like I've been posting yesterday, we have broken the equilibrium in the 4H bearish together with grandpa BTC & reached the previous lows at 0,88 with more than 5% profit potential . So: If you played this like I suggested: Good for you! Now it might be time to take profit (if you haven't so far) & wait for further price action on Bitcoin . We're right now highly oversold in the 4h & Daily with BTC , and grandpa still gives the direction. If you don't want to miss equilibrium breaks next time: Please follow me & watch my daily videos! (description in my status). I wish you a good trading! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
IOTA in equilibrium, break coming!Hey guys, IOTA, just like grandpa BTC is right now in a tightening range on the 4H with the 1,02 long wick as resistance & 0, 918 as support. A break here is coming rather sooner than later, and will see a big move. Of course, the direction will highly depend on BTC. A bear break is looking at 0,88 at least. Should those not hold, next supports in the Daily are at 0,85 & 0,7. A bull break could lead at least to the recent highs at 1,075. => Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, IOTA isn't going anywhere without grandpa. I wish you good luck trading! ;) If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:IOTUSD
by Edgy_
IOTAUSD - Nearing decisive point for descending triangleTL:DR - Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. This is the IOTAUSD chart with 1h candles. On my last update there was a classic sell the news event where Iota finally announced details around Qubic and saw a drop from a high of $2 to a low of $1.74, about a 13% loss. This set off a multi-day bear market to where we are now, looking for support around $1.15-$1.20. In the mid term picture charted above I see one of two set ups as most likely. What we see right now could be a higher low formation which may set Iota up for a higher high. Another possibility is further price decline to the extreme support of $0.93 where there is a high likelihood of a bullish reversal. Either way I see what is essentially a descending triangle which is generally a bullish signal, made even more significant by the long timeframe. Like the rest of this market, a bearish break below support at $0.93 would likely be catastrophic. If this occurs I have no idea where a price floor would be, perhaps another 33%-50% lower. I don't expect this but it is a good idea to prepare for the worst. ***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
BITFINEX:IOTUSD
by ruud_one
2
IOTA crashes with the CPPIOTA received the boost from the bulls at the beginning of the day that brought the price to the Central Pivot Point at $ 1.25 but quickly lost strength and resigned the whole raise sending the price to $ 1.16 where it is at this time losing important supports as the EMA-100 and the MA-50. The next important support is $ 1.15 and we must be alert to a possible breakout there to enter short to look again at the minimum of April. The technical indicators on this 1H chart point towards lower corrections and the stochastic is pointing downwards inside the overbought level.
BITFINEX:IOTUSD
by Forex_Academy
IOTA READY TO BREAK OUT OF THIS PATTERN? - CryptoManiac101IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break. Recommendation Investors looking for safe entry, wait for firm break, then do tight Stop Loss. Current investors should set SL at rising line with rebuy order at demand zone thereafter. Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL. We are neutral on this trade until Bitcoin goes into recovery. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
1