When IOTA come back to such price as 0.6 ,0.7 , 1 $
What are your predictions, guys? For what period? (month year)
First it has to break 0.5, the trigger for this would be some major announcement from IOT team, so you have to monitor their blog. IOTA is very ciclycal prise action-wise, so the next "major" dates to watch for are 23 of november and 25 of december:
https://www.tradingview.com/x/6lHEkIcE/If it manages to break 0.5 before november 23rd, the next logical target is 0.65, after that - we shall see.
Unfortunately IOTA is now in bear market cycle decline, but could be very close to finishing. Long term, it's in a huge triangle. I think it's more likely it will break upwards from the triangle, but if it breaks downwards it will be in full blown decline.
There has been lots of FUD around about IOTA, and that's always a good thing from an investor and trader's standpoint. Ever notice how scamcoins like MonaCoin and ADA -20.00% always have nothing but positive comments everywhere, inviting people to join in the scam and come get duped too?
You know what they say about haters? If you've got 10, get yourself 20.
We can see from Stoch and the Willy21 MAs that the coin is very oversold. Oversold after a long corrective cycle at the apex of the triangle tends to lead to breakouts. We can also see that although the last dumps were violent in terms of price movement, negative momentum on SQZMOM was actually very small, which is impressive on a 6H candle. There are bullish divergences here.
IOTA has major players involved in it and some major people in crypto have joined the IOTA Foundation. They have partnerships for their internet-of-things technologies with many companies, and are one of the best kept secrets right now, in my humble opinion.
Best way to play this is to play the breakout. If IOTA breaks out of the triangle, get in in the blue rectangle . Since IOTA has shown a tendency to go off hard but not be able to sustain the momentum, I recommend taking profits at first prior resistance and the next fib, since the major resistance point is quite far away.
If bullish momentum is very strong, exit half your position at the take profit points to take profits and re-evalute. If bullish momentum is not very strong, you can exit the entire position and re-evaluate.
