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IOTAUSD trade ideas

demand for the IOTA price (IOTA) increasesThe market saw a positive upward trend in the price of IOTA, between October 20th, 2023 and March 13th, 2024. During this time, the daily chart showed a significant surge in the value of IOTA, skyrocketing from $0.1400 to $0.4200. In the last six months, IOTA has performed well, showing a gain of 55.67%. However, in the past week and month, the price broke the uptrend from the supply level of $0.4200. Consequently, the weekly and monthly charts indicated a decrease of -27.75% and -33.29%, respectively. The price of IOTA crypto has displayed a potential turnaround rally that may occur soon on the daily chart. The price demonstrated strong sustenance signals at a critical support level located around $0.19500. The IOTA crypto might undergo a substantial surge once more. This outcome is possible because the price had previously surged from a nearby level to this support level, which will undoubtedly prompt the IOTA asset to reach higher levels beyond its current supporting range. The IOTA crypto asset is displaying bullish behavior as the MACD histogram is not growing, which seems stagnant at -0.009791 in the last couple of sessions and confirms the sustenance activity. Similarly, the RSI is at 31.84, highlighting that it can extend its gains as it seems like it has taken a U-turn towards 14-SMA. Meanwhile, The IOTA asset indicates that its bullish strength is coming back, and the probability of its price rising is visible on the daily chart. If buyers come into the market, IOTA's price could surpass the important 20-day and 50-day EMA's from a lower position. IOTA crypto has seen a decrease of -1.51% in the past 24 hours and is being traded at $0.2185 at this moment of writing. Therefore, if the demand for the IOTA price (IOTA) increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.2800 and $0.3200. Another possibility would be if the price value of IOTA crypto fails to stay above $0.19500, it could also see a further decrease.
BINANCE:IOTAUSDLong
by Sam_TCR
the IOTA asset is showing bullish signsThe IOTA price chart displays that the price rallied from the demand zone of $0.14000 to $0.37000. However, the crypto slumped as the price failed to jump over it, and it displayed a price correction scenario in its ascent and the price dropped to form a support at $0.20000. After falling, the price of Flare crypto has made a strong recovery, surpassing its previous high level, starting from a crucial support level of around $0.20000. The IOTA crypto now appears set to continue this colossal surge as it already surpassed the previous high of $0.37000 and is geared up to crack the above resistance level and rocket to new peaks from the current support level. The IOTA crypto asset is exhibiting bullish strength and rising capacity as it holds above major 20-day and 50-day EMAs. On observing the price chart data over the daily chart, the IOTA asset is showing bullish signs and has the potential to grow further. It has performed well in the past week, month, and quarter by 16.34%, 55.05%, and 39.82%, respectively, indicating a solid uptrend. At press time, the crypto has experienced a decline of 1.71% in the last 24 hours, and currently trading at $0.38606. Therefore, if the demand for the IOTA token rises abruptly, the asset price could bounce back from the current level. The next goal for the price could be to reach $0.45000; in between, the hurdle would be $0.42000. However, if the IOTA crypto price fails to stay above the $0.37000 level, it could decline further and then it could reach $0.35000 as well.
BLong
by Sam_TCR
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
BShort
by tcr_thecoinrepublic
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
BLong
by ForecastCity_EU
11
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
BLong
by ForecastCity_EU
1
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
BLong
by ForecastCity_EU
There is a trading opportunity to buy in IOTAUSDTechnical analysis: . IOTA/DOLLAR 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 (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) 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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BLong
by ForecastCity_EU
A second Chance to Buy in IOTAUSDMidterm forecast: 0.4015 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 55. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (0.4015). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.4015). 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 : Trade Setup: We opened 15 BUY trade(s) @ 0.3196 based on 'Valley' entry method at 2019.04.29. Total Profit: 19315 pip Closed trade(s): 4366 pip Profit Open trade(s): 14949 149pip Profit Closed Profit: TP1 @ 0.3340 touched at 2019.05.13 with 144 pip Profit. TP2 @ 0.4015 touched at 2019.05.15 with 819 pip Profit. TP3 @ 0.4535 touched at 2019.05.16 with 1339 pip Profit. TP4 @ 0.5260 touched at 2019.05.29 with 2064 pip Profit. 144 + 819 + 1339 + 2064 = 4366 Open Profit: Profit for one trade is 0.4555 (current price) - 0.3196 (open price) = 1359 pip 11 trade(s) still open, therefore total profit for open trade(s) is 1359 x 11 = 14949 pip All SLs moved to Break-even point. Take Profits: TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BLong
by ForecastCity_EU
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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the resistance zone (0.96 to 0.70), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.96) Ending of entry zone (0.70) 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= @ 1.16 TP2= @ 1.33 TP3= @ 1.62 TP4= @ 2.04 TP5= @ 2.60 TP6= @ 3.10 TP7= @ 3.92 TP8= @ 4.75 TP9= @ 5.80 TP10= Free
BLong
by ForecastCity
A trading opportunity to buy in IOTUSDTechnical analysis: . IOTA/DOLLAR 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 still a possibility of temporary retracement to suggested support zone (0.96 to 0.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.96) Ending of entry zone (0.70) 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= @ 1.16 TP2= @ 1.33 TP3= @ 1.62 TP4= @ 2.04 TP5= @ 2.60 TP6= @ 3.10 TP7= @ 3.92 TP8= @ 4.75 TP9= @ 5.80 TP10= Free
BLong
by ForecastCity