IOTA gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. I expect the bull trend to continue for at least 7 more days.
We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend.
Support level-1: 1.96 (Fib 0.5)
Support level-2: 1.45
According to Boston Consulting Group market analysis, Internet Of Things Market will reach $267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity.
I recommend to buy and hold IOTA for long term.
If you are a trader, here is my short term idea:
Long at: 2.39
Take profit: >4.0
Stop loss: 1.40
We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend.
Support level-1: 1.96 (Fib 0.5)
Support level-2: 1.45
According to Boston Consulting Group market analysis, Internet Of Things Market will reach $267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity.
I recommend to buy and hold IOTA for long term.
If you are a trader, here is my short term idea:
Long at: 2.39
Take profit: >4.0
Stop loss: 1.40
Trade active:
IOTA is rising as I have expected. Buy and hold IOTA for long term.
My 2019 forecast is: >100USD.
My 2019 forecast is: >100USD.