IOTABTC trade ideas
$IOTA/BTC 4h (Binance Spot) Falling wedge breakoutMiota is trending inside an ascending channel and has broken out of that falling wedge.
Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone!
Current Price= 0.00002450
Buy Entry= 0.00002385 - 0.00002323
Take Profit= 0.00002659 | 0.00002898 | 0.00003316
Stop Loss= 0.00002150
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72
Expected Profit= +12.96% | +23.11% | +40.87%
Possible Loss= -8.67%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
IOTA formed Cypher for upto 26% rallyHi friends, hope you are well, and welcome to the new update on the IOTA coin.
On the daily time frame chart, the priceline of IOTA formed a bullish Cypher pattern. After completing the leg it has moved up, it may give us another chance to catch from this buying zone.
this trade has a big profit possibility of 26%, and the loss possibility is 7 %.
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/BTC Pair Can Give Upto 20% ReturnsIOTA/BTC pair traded at 0.00002453 with a gain of 4.03% in the last 24-hour. In contrast, the market capitalization of IOTA stands at $3.802 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of 0.00002966 BTC.
Resistance: 0.00002966 BTC
Support: 0.00002328 BTC
easy COMEone of my friends told me IOTA have some good news in comming days,they wanna share some updates,,,so:
for me buy zone is on green dynamic support or cross of ichi cloud,,,SL is close under white line,,,and TP on red lines
if the red box break and confirm we can buy the pullback,,,
have a great day guys 🥂
IOTA looks bullish, wait for the dip too, sl is a must hereThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
💡 It's a great buy opportunity in IOTA/BTC @iota @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00002155). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in an uptrend and the continuation of an uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.53.
Take Profits:
TP1= @ 0.00002507
TP2= @ 0.00002580
TP3= @ 0.00002700
TP4= @ 0.00002815
TP5= @ 0.00003040
SL= Break below S2
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TrendAnalysis ChartPatterns TechnicalIndicators
💡 It's a great buy opportunity in IOTA/BTC @iota @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00002155). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in an uptrend and the continuation of an uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.53.
Take Profits:
TP1= @ 0.00002507
TP2= @ 0.00002580
TP3= @ 0.00002700
TP4= @ 0.00002815
TP5= @ 0.00003040
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TrendAnalysis ChartPatterns TechnicalIndicators
Out IOTA PositionAt the beginning of February, the market gave us a great opportunity to earn extra profits, which is exactly what we did.
We at Pennygene turned our attention to the IOTA/BTC chart back in early January 2020, and have kept watching. What attracted our attention was that this asset was falling fast almost all the time from August till the end of December 2020, but then the first 1W bar of January showed us that the price reached good support at 0.0000094. Also, it was the lowest price point since the launch. After a month of waiting, our efforts paid off. At the beginning of February, we placed our long positions at 0.0000143, of course using a stop loss. And now we have been in the position for more than two weeks. At the moment PNL is 102% and we are not going to exit this long position yet.
Important: Never be guided solely by the notion of the "lowest price in the history of the asset" this price floor can be updated at any time. Your strategy has to take into account a combination of several factors. Especially when it comes to a low-capitalization altcoin. At this point, we cannot recommend you to go long on this asset because much of the growth has already happened.
In any case, if you are interested in IOTA, you need to wait before placing a new order. Maybe the last 7 days after the active growth is just a consolidation and liquidity gathering for further growth. Maybe after that, you will get a new opportunity to enter this asset.
