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IOTA/USDT(Breakout is About to Happen)•IOTA is trading around $1.3 and it has fallen by 40% in past 45 days •The price is above 200 day moving average,which is considered as an uptrend •The price is close to the falling trend line and since we are above EMA200 so it's most likely to test the uppar resistance line •It's still possible to test EMA200 support before the breakout and that will be good buying opportunity in spot •We will consider it bullish after breaking $1.35 - $1.4 price level so if you are looking to safely buy then do that after breakout at the given price levels •Those who can risk a bit can buy IOTA at EMA200 retest around $1.2.We can see price $1.8 - $2 in coming month
by iMperfect-rHn
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
IOTA / USD Price Analysis: Free Fall AvertedIOTA / USD Short-term price analysis In the short-term, IOTA has a bearish trading bias with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame is showing a large head and shoulders pattern, with the IOTA / USD pair recently staging a strong recovery from the neckline of the bearish pattern. Technical indicators are still turning higher on the four-hour time frame and continue to signal further near-term gains. Pattern Watch Traders should note the IOTA / USD pair could fall to a new all-time trading low if the bearish head and shoulders pattern on the four-hour time frame is triggered. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is now approaching overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame has turned bullish and is issuing a strong buy signal. Fundamental Analysis IOTA surged after the announcement that Jaguar Land Rover, Britain’s largest auto manufacturer, is testing software that will allow drivers to share their vehicle data in exchange for IOTA. IOTA / USD Medium-term price analysis IOTA has a neutral medium-term trading outlook, with the cryptocurrency testing back towards its trend-defining 200-day moving average. The daily time frame shows that the bullish inverted head and shoulders pattern has been invalidated by the recent decline. The daily chart is also showing that the IOTA / USD pair has now moved back into range bound trading conditions. Technical indicators on the daily time frame are attempting to recover following the recent heavy sell-off. IOTA / USD Daily Chart by TradingView Pattern Watch Traders should note that the next direction breakout will take place once the IOTA / USD pair breaks out from the horizontal price chart on the daily time frame. Relative Strength Index The RSI indicator is attempting recovery above neutral following the recent bearish sell-off. MACD Indicator The MACD indicator on the daily time frame is neutral, although bullish pressures are building as the recovery gathers pace. Fundamental Analysis IOTA has been around since 2015 and is still trying to offer something viable to the market. The medium-term prospects for the project will depend on its ability to go beyond pilots and find partners that will start to use its platform. Conclusion The balance of risk has now shifted to the downside for the IOTA / USD in the short-term, with the buyers now needing to negate the bearish pattern on the four-hour time frame. The medium outlook for the cryptocurrency is less certain until a confirmed technical breakout has occurred from the horizontal price channel that has been in play since the start of the year.
by CryptoBriefingTA
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
BINANCE:IOTAUSDShort
by tcr_thecoinrepublic
💡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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
A trading opportunity to buy in IOTABTCTechnical analysis: . IOTA/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 42. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000085 to 0.000067). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000085) Ending of entry zone (0.000067) 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 the 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= @ 0.00011040 TP2= @ 0.00013100 TP3= @ 0.00014310 TP4= @ 0.00016640 TP5= @ 0.00018980 TP6= @ 0.00023670 TP7= @ 0.00026570 TP8= @ 0.00031200 TP9= Free
Long
by ForecastCity
There is a possibility of the beginning an uptrend in IOTABTCTechnical analysis: . IOTA/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 52. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000096 to 0.000082). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000096) Ending of entry zone (0.000082) 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 the 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= @ 0.00011100 TP2= @ 0.00013100 TP3= @ 0.00014200 TP4= @ 0.00016400 TP5= @ 0.00018600 TP6= @ 0.00020400 TP7= @ 0.00023500 TP8= @ 0.00028200 TP9= @ 0.00034000 TP10= Free
Long
by ForecastCity
A trading opportunity to buy in IOTABTCTechnical analysis: . IOTA/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 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000117 to 0.000089). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000117) Ending of entry zone (0.000089) 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 the 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= @ 0.000155 TP2= @ 0.000186 TP3= @ 0.000204 TP4= @ 0.000247 TP5= @ 0.000290 TP6= @ 0.000334 TP7= @ 0.000474 TP8= Free
Long
by ForecastCity