Iota blasts thru double bottom neckline right @ golden crossLike so many other alt coins before it this alt season. Iota is taking the golden cross as an opportunity to blast off out of its current chart pattern which for Iota was a double bottom. Still decent amount of gains to be had to get to its target, some sort of pull back would be much more rewarding entry but hard to tell if it will be that generous. *not financial advice*
Miota
The 0.1765-0.1968 section is the first diverging sectionHello?
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(IOTAUSDT chart)
(1D chart)
Could the current be the last low point of this time?
This can only be known in the past.
Therefore, rather than worrying about such things, it is necessary to focus on determining the timing of short-term buying by checking whether there is support or resistance at any point or section.
In that sense, the 0.1765 point is an important support and resistance point.
Therefore, the key is whether the price can sustain the price increase above the 0.1765-0.1968 range.
To do so, it is important to be able to hold the price up until it rises above 0.1592 and the MS-Signal indicator turns into a bullish sign.
When this happens, it's time to start short-term trading.
Depending on whether this short-term trade rises above the 0.1765-0.1968 range or not, you need to decide whether to get a cash profit or leave the number of coins (tokens) corresponding to the profit to have the power to continue trading.
It takes a lot of time to turn into a full-fledged uptrend, so it's tedious and exhausting to keep increasing your holdings until then.
However, if you increase the number of coins (tokens) you have for profit, you will eventually be able to get a big profit.
Whether it's worth taking IOTA into mid- to long-term trading that way is up to you.
FYI, the current coin market is still far from the real world.
Therefore, the real world, that is, whether or not there is business value, should not be used to determine the value of a coin.
Whether or not the current coin is worth investing in is based on the number of users, that is, whether or not there is community power.
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(IOTAKRW chart)
(1D chart)
It needs to rise above 329 to turn into an uptrend.
To do so, it needs to show a rise above 217 to hold the price.
Based on the current trend, whether it can rise above the 217-283 zone will determine whether a trend reversal will begin or whether the cascade will continue.
Therefore, in order to start trading IOTA, when it shows support around 217, I think it's when the MS-Signal indicator turns into a rising sign and shows support and rising.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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IOTAUSD MIOTA Sell TF H4 TP = 0.1565On the 4-hour chart the trend started on June 27 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1565
But do not forget about SL = 0.1970
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
IOTA Stochastic Turns Bullish. Is it a Bull Run or Bull Trap?IOTA’s (MIOTA) weekly stochastic flipped bullish for the first time since August 2021. The bullish stochastic crossover and the above-20 reading may be positive for the cryptocurrency, but there is a hidden alerting pattern that may hint at a bull trap.
IOTA Stochastic Indicator
A stochastic crossover signal emerged on the IOTA weekly chart. However, the bullish momentum is not confirming the bullish crossover signal. The cryptocurrency price has witnessed range-bound activity in the last 5 months.
Because the IOTA price is trapped in a consolidation phase, there is a higher probability that the stochastic crossover signal is a bull trap.
2018 Bear Market Comparison
If we compare the current bearish market with the 2018 bear market, we can see some striking similarities. The current bear market started after the previous bull run peaked in April 2021. Similarly to the 2018 bear market, we had a bear market rally that peaked precisely 20 weeks after the first peak.
After the market peaked in April 2018 and August 2021, the market slowly drifted lower, breaking to new lows before entering into a long-term consolidation mode.
If we’re going to experience the same type of pattern, then we can expect the current consolidation to last 111 weeks. This potentially means that we will consolidate until the next Bitcoin halving event scheduled on May 2024.
MIOTA (IOTA) Buy ZoneMIOTA (IOTA) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : High
On 4 hours timeframe we can see out that the MIOTA formed out the bullish pattern and retest long-term mini zone is at the its potential reversal zone level .
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$IOTA/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.4925 - 0.479
TP 1 : 0.51
TP 2 : 0.525
TP 3 : 0.5444
TP 4 : 0.5577
TP 5 : 0.5789
TP 6 : 0.597
TP 7 : 0.625
TP 8 : 0.6596
Stop Loss : 0.45
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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🆓MIOTA (IOTA) Mar-30 #IOTA $IOTA
IOTA is still very strong above the $0.8 zone and we can expect IOTA to continue to move towards the $1 and $1.2 zone or it might even advance to the $1.4 zone. But if it loses the $0.8 zone, it will correct to the $0.7 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.8$ zone
🔴Buy : 0.85 - 0.8
🔴Sell : 1 - 1.2 - 1.4
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.8$ zone
🔵Sell : 0.8
🔵Buy : 0.7
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
IOTA Reached Long-Term Resistance With Bullish DivergenceHi dear friends, hope you are well, and welcome to the new update on IOTA coin.
Long term resistance:
On a weekly time frame, IOTA is trying to break out a low term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move.
Bullish divergence:
On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
IOTA staking liveA combination of factors here will push this higher most likely.
1-Staking has gone live, a lot of people are moving iota from exchanges to the firefly wallet because of this which will restrict trading supply.
2- iota hasn historicaly underperformed making a favorite and easy short, this could lead a big short squeeze
3- a lot of exchanges (Binance) have have fraction al reserves for coins: that includes iota. A lot of people cant move from Binance to the firefly because of a lack of liquidty. That means big names will be moving to buy large volumes to cover themselves.
a lot of things going right for a big pump here
MIOTA vs Tether Feeling BullishLook at the high volume the last two days...
I am getting the feeling that IOTAUSDT (MIOTA) is getting ready to move up strong.
We also have a long wick candle yesterday that bounced at EMA300 and closed above EMA100, MA200 and EMA10 all at once.
These are strong bullish signals.
This altcoin pair can easily grow.
Remember, you need a plan before you trade.
This is not financial advice.
The charts are always changing.
Namaste.