IOTA/BTC is showing bullish divergence on the 4-hour RSI, CMF, and MACD as highlighted by the orange lines. We also got a bullish cross-over on the 4-hour MACD as well a short while ago. IOTA found support on a previous support zone that we saw it hold back in August around 7450-7500. On one of my fib charts, it is holding the .382 around 7660 pretty well so far. Risk/Reward is pretty good for this one so long as Bitcoin can remain steady.
Higher risk entry (at the .382 fib line on one of my charts): 7650-7710.
Safer entry: 7500-7600.
Target 1: 8200 (.786)
Target 2: 8900 (.618)
Target 3: 9350 (.5)
Targets were charted on fib retracement levels.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Higher risk entry (at the .382 fib line on one of my charts): 7650-7710.
Safer entry: 7500-7600.
Target 1: 8200 (.786)
Target 2: 8900 (.618)
Target 3: 9350 (.5)
Targets were charted on fib retracement levels.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Nota
Fib retracement levels: Bullish divergences:
Nota
Fib retracement level I'm in reference to for the higher risk entry: Nota
Appears we are finding a bit of resistance at the 50 EMA on the 4-hour, it acted as resistance on our last move up as well as shown by the 2 circles: Nota
Apologizes, forgot to include a stop loss in my original post.SL: 7000-7300 (depending on risk level.)
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.