IOTA Bulls on the Move! 🐂 Breakout Alert 🚀💎 IOTA has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern, which increases the probability of a reversal.
💎If IOTAUSDT breaks out above the resistant zone, we can anticipate targets until the next resistant levels. In the event of a pullback, we can expect a bounce from the bullish OB, but confirmation via bullish candlestick patterns is essential.
💎However, if the bullish OB breaks down, it would be prudent to withhold action on IOTA and wait for clearer price action to emerge.
IOTA
💡Don't miss the great buy opportunity in IOTABTCTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.0000307).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTABTC is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.0000330
TP2= @ 0.0000348
TP3= @ 0.0000369
TP4= @ 0.0000383
TP5= @ 0.0000420
SL= Break below S2
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💡Don't miss the great buy opportunity in IOTAUSD @iota
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2663).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5745
TP2= @ 1.8226
TP3= @ 2.1680
TP4= @ 2.3656
TP5= @ 2.6258
SL= Break below S2
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💡Don't miss the great buy opportunity in IOTAUSDT @iotaTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1.5350).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.28.
Take Profits:
TP1= @ 1.7190
TP2= @ 1.9400
TP3= @ 2.2300
TP4= @ 2.4500
TP5= @ 2.6000
SL= Break below S2
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💡 It's a great buy opportunity in IOTA/BTC @iota @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00002155). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.53.
Take Profits:
TP1= @ 0.00002507
TP2= @ 0.00002580
TP3= @ 0.00002700
TP4= @ 0.00002815
TP5= @ 0.00003040
SL= Break below S2
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TrendAnalysis ChartPatterns TechnicalIndicators
💡 Don't miss the great buy opportunity in IOTAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.401). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5730
TP2= @ 1.6660
TP3= @ 1.7470
TP4= @ 1.9650
TP5= @ 2.2070
SL= Break below S2
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💡 Don't miss the great buy opportunity in IOTABNBTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0072). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTA / Binance Coin IOTABNB is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.0118
TP2= @ 0.0148
TP3= @ 0.0180
TP4= @ 0.0222
TP5= @ 0.0272
TP6= @ 0.0326
SL= Break below S2
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IOTA Price Reaches Critical Support Zone Amid Downfall of 20%The technical chart of IOTA reflects on the ongoing downtrend faced which resulted in a negative breakout below the 0.382fib level. The levels have now reached the support zone which lies between 0.5fib level and 0.618fib level. It is expected that the downtrend will be halted by the support zone and the price levels might be consolidated within the region or even bounce back if the overall market conditions take a positive turn from here. On the contrary, a negative breakout below the support line placed at 0.618fib level.
The moving average convergence & divergence (MACD) faced a bearish crossover and the levels looked vulnerable for a fall below the signal line.
The directional movement index (DMI) also showcased bearish nature as ADX looked vulnerable for a negative breakout against -DI.
Resistance Level: $0.45
Support Level: $0.35 & $0.32
IOTA/USDT Head & Shoulder Formation- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.
Target for downside = Height of Head
There is a trading opportunity to buy in IOTABTCMidterm forecast:
While the price is above the support 18.20995, beginning of uptrend is expected.
We make sure when the resistance at 26.50000 breaks.
If the support at 18.20995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 18.29715 on 05/07/2020, so more gains maximum to Major Resistance (26.50000) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002171 to 0.00002090). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002171)
Ending of entry zone (0.00002090)
Take Profits:
TP1= 0.00002650
TP2= 0.00003084
TP3= 0.00003450
TP4= 0.00003911
TP5= 0.00005960
TP6= 0.00008280
TP7= 0.00011400
TP8= 0.00018494
TP9= 0.00023550
TP10= 0.00028590
TP11= 0.00045020
TP12= Free
Trade Setup:
We opened 12 BUY trade(s) @ 0.00002182 based on 'Valley' entry method at 2020.03.27.
Total Profit: 4824 pip
Closed trade(s): 468 pip Profit
Open trade(s): 4356 pip Profit
Closed Profit:
TP1 @ 0.00002650 touched at 06.04.2020 with 468 pip Profit.
Open Profit:
Profit for one trade is 0.00002578(current price) - 0.00002182(open price) = 396 pip
12 trade(s) still open, therefore total profit for open trade(s) is 396 x 11 = 4356 pip
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Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.2975
TP2= @ 0.3680
TP3= @ 0.5537
SL= Break below S2
Don't miss the great buy opportunity in IOTABTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in a range bound and the beginning of uptrend is expected.
. While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.0000262
TP2= @ 0.0000310
TP3= @ 0.0000400
SL= Break below S2
Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.2570
TP2= @ 0.3675
TP3= @ 0.5532
SL= Break below S2
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2215)
Ending of entry zone (0.1895)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2880
TP2= @ 0.3510
TP3= @ 0.4535
TP4= @ 0.5550
TP5= @ 0.7450
TP6= @ 1.1145
TP7= @ 1.4130
TP8= @ 1.7110
TP9= @ 2.1945
TP10= @ 2.6775
TP11= Free
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free