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Iotaanalysis

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.
Long
by MyCryptoParadise_Nathan
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
BITFINEX:IOTUSDLong
by ForecastCity_EU
11
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
BITFINEX:IOTUSDLong
by ForecastCity_EU