IOTA

Technical Analysis of IOTA

In less than twenty days, the price of IOTA has advanced from $0.26 above $0.55 and the current price stands around $0.46. According to the rules of technical analysis, the “bearish” trend of this cryptocurrency is still very strong. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. When we look at the 1-year chart we can see that IOTA is moving in “downtrend” and as long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.4 and $0.5 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.4 that will be a “SELL” signal and the next target could be around $0.35.

Advice: May has been a very positive month for the cryptocurrency market, the price of Bitcoin advanced above $9 000 (current price around $8 500) and this is certainly a positive thing for all other cryptos.  IOTA has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 
 

Technical Analysis of IOTA

IOTA is a cryptocurrency designed for the Internet of Things (IoT), there is no concept of blockchain and there are no transaction fees. According to analysts, IOTA has very big potential in real-world applications and IOTA was planned from the beginning to interact with everything. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. The price of IOTA has been trading in $0.20-$0.40 range for a while and according to technical analysis, the downtrend is still very strong. When we look at the 1-year chart we can see that IOTA is moving in “downtrend” and as long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees. According to the rules of technical analysis, the “bearish” trend of this cryptocurrency is still very strong. If the price of IOTA advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Technical Analysis of IOTA

According to the rules of technical analysis, the “bearish” trend of this cryptocurrency is still very strong. Some analysts believe that the end capitulation is right around the corner and they hope that this 15-month-long correction was a lesson to those new to crypto investing. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. When we look at the 1-year chart we can see that IOTA is moving in “downtrend” and as long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: The positive news for the cryptocurrency market is that the price of Bitcoin advanced again above $4000. IOTA has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.

Technical Analysis of IOTA

IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. This cryptocurrency has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend” and as long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.

Technical Analysis of IOTA

The January 2019 has been very negative for the cryptocurrency market so far and all major cryptocurrencies are under the pressure. The price of IOTA is also pressured by this situation and the price of this cryptocurrency has weakened from $0.40 below $0.30 in less than several weeks. IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend”. As long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. In my opinion, IOTA has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Technical Analysis of IOTA

The cryptocurrency market has shed around 50% of market capitalization in the last several weeks and for now, there is no important reason to change this negative trend. The price of IOTA is also pressured by this situation and in only one month period the price of this cryptocurrency has weakened from $0.42 below $0.21. IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend”. As long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.2 and $0.4 – If the IOTA jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal “SELL” signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Trading Strategies for IOTA(Nov.15th)

IOTA is a distributed ledger designed to record and execute transactions between machines in the Internet of Things (IoT) ecosystem hence the name IOTA (Internet of Things Application). IOTA has a cryptocurrency called MIOTA. Unlike other platforms, IOTA uses a Decentralized Acyclic Graph (DAG). The platform also offers fast transactions with no fees involved.
The technical pattern to be used for IOTA trading is the double top pattern which is a powerful bearish reversal pattern if it develops at the right location.

Steps to consider when trading IOTA (buy side):

Wait until a double top pattern develops on the IOTA chart

The more time you spend in front of the charts the better, you’ll become at recognizing money maker patterns. When a double top pattern develops on the IOTA chart, we are given three points of reference. Two peaks labeled A and B, and a valley created by the sell-off from peak A denoted with C.

Wait for the price to break downwards and drop below point C

The double top pattern is only genuine after the IOTA piece breaks and closes below the first valley denoted with letter C.

IOTA price needs to consolidate below point C

The IOTA price should move in between a narrow range below point C. here; more sell orders pour into the market.

IOTA price needs to consolidate below point C.
The IOTA price should move in between a narrow range below point C. here; more sell orders pour into the market.

Place your protective stop loss below the trading range spotted at step 3

Define a take profit level

Take profits as soon as possible, preferably during the first 5-15 minutes after we break above the double top pattern.

The same rules apply during a sell trade.

References

  1. https://tradingstrategyguides.com/iota-cryptocurrency-strategy/
  2. http://forextrading.company/iota-trading-guide-how-trade-iota
  3. https://forum.iota.org/c/trading-and-markets
  4. https://thediaryofatrader.com/crypto/what-is-iota-currency/

 

Technical Analysis of IOTA(Nov.10th)

IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in “downtrend”. As long IOTA is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.4 and $0.8 – If the IOTA jumps above $0.8 that would be a “BUY” signal and the open way to $1. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.4 that will be a strong signal “SELL” signal and the next target could be around $0.3.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. Yes, it is true that the price could fall even more but the current price of IOTA stands around $0.46 and this is very close to strong support which stands at $0.40. In other words, IOTA has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.