geniuscryptotrading

geniuscryptotrading

IOTA has been accumulating for a while. We're approaching to the end of the symmetric triangle, which tells that price will follow previous movement again. Its better to confirm triangle breakout and then open long position, target price is around 0.000052.

geniuscryptotrading Updated 

Price is accumulating between 1.1 and 1.7 for a while. In 3D timeframe we can see clear wedge pattern and also RSI is close to the support on uptrend line. So all in all: - Any daily close between $1.8- $1.9 will confirm that another strong bull run is around the corner - There can be one last downward leg to $1.4 level before we see green candles on 3D...

geniuscryptotrading

So far we can clearly see that 18 DMA (green line) was broken. While the price was going down from 42K to 31K before, 50 DMA (orange line) has played a support role and another bull cycle started after the price touched that line. Now, there are two possibilities: 1- Price will keep going down till touching 50 DMA and we will see strong support around that line....

geniuscryptotrading Updated 

There is triangle for both 1h and 4h which is about to be broken. Also IOTA twitter account announced some good news today, so we're very close to see another bullish breakout soon.

geniuscryptotrading Updated 

Although we saw positive reaction from altcoins yesterday, this might be just correction so BTC dominance may keep making new higher highs for few more days.

geniuscryptotrading

There is bearish divergence on 4 hour time frame. This might be good opportunity to open short position or fill up your bag.

geniuscryptotrading

There is a triangle pattern in which we can expect the price to hit the lower line first and then break the triangle on the upper line.

geniuscryptotrading

As there is triangle just broken on lower band, I see potential down movement till the 4500$ Volume is also declining. But don't take it too serious as it's 1h timeframe.