•IOTA is trading around $1.3 and it has fallen by 40% in past 45 days
•The price is above 200 day moving average,which is considered as an uptrend
•The price is close to the falling trend line and since we are above EMA200 so it's most likely to test the uppar resistance line
•It's still possible to test EMA200 support before the breakout and that will be good...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2663).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
HAPPY CHRYSALIS.
Possible return to buy zone number 1 : 1.27$ - 1.57$ range (dumbzone).
We ideally look for 1$ - 0.65$ (smart-money zone).
YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA. YOU MUST ACCUMULATE IOTA.
NOT FINANCIAL ADVICE
TRADE SAFE!
Morpheus.
In the Weekly TF, it has completed a proper Inverse H&S pattern and after a small retracement is ready to blast to the upside. In 4Hr TF, it is forming an ascending triangle pattern and within a few candles the breakout may occur. For educational purposes only (DYOR).
BINANCE:IOTAUSDT
Trading 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...
Trading 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....
- 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
IOTA / 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...
