IOTAUSDT.P trade ideas
IOTA/USDTWe have 2hr bullish divergences on RSI + OBV - good opportunity the trend will reverse.
Every marked level (daily, weekly, monthly) = set take profit limit. POC (red line), place with the most of volume is TP1 for me.
BTC will affect the progress of this setup so I will be careful in case of dump.
!!! This is just paper trade, please dont follow my setups blindly without your own analyse !!!
IOTA formed another big setupThe previous harmonic butterfly:
In this article I'll share with you how the price line of the IOTA coin has formed a very big harmonic pattern. Before this, I've already shared another major idea and that was a very big bullish butterfly which was formed on the weekly time frame chart. After taking bullish divergence from the potential reversal zone of this big bullish butterfly pattern, the Priceline surged to more than 1100%.
support resistance levels and SMAs:
After a very big rally, IOTA found strong resistance at $2.50 and after being rejected by this resistance level the price action moved down at the very strong support at $0.70. Now the price is moving at the $0.70 support level for the past several days. We also have very strong support of 200 simple moving average on the 2-day chart, which is exactly at the $0.70 support level. The next price level resistance is at $1.50 and then at $2.50. There is also a 100 simple moving average working as strong resistance before the $1.50 resistance level.
Big Cypher pattern:
Now this time on the weekly time frame chart, the price action of IOTA has formed another bullish Cypher pattern. After entering the buying zone the priceline has moved above the potential reversal zone and now agai re-entered the buying zone. The buy and sell targets according to Cypher can be as below:
Buy between: $0.8888 to $0.5214
Sell between: $1.17 to $1.87
The maximum extent of potential reversal zone $0.5214 can be used as stop loss. As per the above targets, this trade has a big profit possibility of 250%, and the big loss possibility is 41%.
IOTAIota is out of bearish trendline.
You can take two scenarios:
1) Entry now and trade withou SL
2)Wait for break 0,9 USD and take retest, SL put below 0,6USD
MIOTA CALLINGIn our opinion, BTC has yet to lose a few percent against alts.
MIOTA seems to have developed a good setup for our new entry, we take advantage of this opportunity to return with a size always in view of our long-term targets but at the same time we will leave the ship in partly upon reaching the targets marked in red.
IOTAUSD / IOTA BTC - LONGTarget - red resistance. This one - if broken WITH CONFIRMATIONa, long to top of the formation.
IOTAUSD - short to double bottom4H broken, waiting for confirmation.
Once confirmed - short to double bottom.
IOTA - bullish wedge IOTA has formed a bullish wedge which could lead to a strong upside move. The trend has been dominating the price action since the beginning of June. Once we break with volume, we can target 1.4 or an extension to 1.6 USD.
IOTA/USDT Binance (2hrs) Breaking levels. Following Bitcoin's Downtrend. Looking to add on IOTA , a top Crypto Project. Long term the best project in my eyes. DYOR. Comment. Not financial advice
IOTAIOTA found some support at 0.618 fib level but it should break descending resistance line. It will most likely retest the trendline that it broke. I think when Bitcoin rises it will follow.
IOTAUSDT wants to retest 1$IOTAUSDT wants to retest 1$ after the price got a rejection from daily resistance. IF the price will have a breakout from the rising wedge, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Ascending channelIOTAUSDT price currently at the lower boundary of the ascending channel expecting to rise to the upperside where we will take our profits.
Stoploss below red line.
IOTA/BTC - recovering quicklyIota is doing well in comparison to Bitcoin and has been leading BTC pair chart with a few others Alts such as Ada. The Iota 2.0 dev net is now officially running with all key components for a decentralised network. We might see more exchanges offering Iota and potential partnerships being announced due to the Chrysalis release which could lead to more positive market sentiment.
Bitcoin is going sideways with low volume. Once we see a move to the down or upside with high volume, we will see if Iota is able to increase in price. I expect alts to drop once again harder if we see Bitcoin falling through 30k. However, on the long-term Iota is performing well & YTD growth is better than most other Alts.
💡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
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