Crypto Screener Forums Iota (MIOTA) Forecast – Technical Analysis Iota (IOT/MIOTA) Technical Analysis – January 2018

This topic contains 2 replies, has 1 voice, and was last updated by margincall margincall 1 year, 1 month ago.

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  • #1300
    margincall
    margincall
    Keymaster

    This is the thread for analysis on the Iota markets in the month of January 2018.
     

     

     

     

     

     

     



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  • #1466
    margincall
    margincall
    Keymaster

    IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH.

     
    iotausd forecast
     

    We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan.

    This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of buying pressure to get us to break to the topside.

    This is crypto and anything can happen so it pays to be prepared.

    We will wait to see what the market does before going long or short on the IOTAUSD markets.

    Immediate support is at $2 – $2.2 and should that support level fail, I would expect the bearish trend to continue and consolidate into the $1 zone.

    Resistance is at $2.4 – $2.6 and the bulls need to get above that to test the $3 resistance zone.

    Should we break through $3 it will be smooth sailing to the $4 zone.

    #1301
    margincall
    margincall
    Keymaster

    Iota had a bit of a fakeout when the prices tried to move above $4, but the sellers stepped in every time and brought us back into our buying zone.

    iotausd forecast 9 jan 2018
    Iota is very solid compared to other crypto’s at this point in time and I would imagine that any significant buying pressure will lead us to possible breakout situation above $4.

    This is a great place to buy IOTA for the long term hold.

    It could pay buyers to stack orders down into the $3 zone and maybe a few below $3, just in case.

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