IOTA - Possibility of 90% profit on the way
This coin is offering a nice entry point and price should be moving uptrend if the market stays bullish.
Fundamental Analysis
January 23th - London Blockchain WeekSpeaker: Dominik Schiener, Co-Founder, IOTA Foundation
January 24th - Meet-up in Sidney on
January 31th - Trinity wallet Public Beta will be released in January 2018
Technical Analysis
Yellow line: This can be resistance or support it depends where is the actual price when you are looking at the chart. Below actual price is support and above is resistance.
White line: This is bullish trend and also can be support
Fibonacci tool that has support and resistance lines where the price retraces back and can be use to set you entry or exit point.
Actual price= 0.00027023
Support= 0.00024878
Resistance= 0.00032065
Buy range between 27-24
Shortterm profits 10-20%
Midterm profits 40-90%
Ideal entry is buying around first support or some Satoshis below, and if this coin breaks support, buy around next support line. Usually when it touches strong support there will be a bounce back. Market is unstable, dont forget to set up stop loss around -5% to -15% or even more it depends of your risk tolerance.
Set targets using Fibonacci tools and remember not to be greedy. Goal is accumulate profits, small profits can make a fortune.
Bullish trend still is on, watch volume before taking your position.
BE AWARE OF THE MARKET VOLATILITY & ALWAYS CAUTIOUS WITH BTC!
DYOR and trade at your own risk!
Disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this blog. The user must accept sole responsibility associated with the use of the material on this blog, irrespective of the purpose for which such use or results are applied. The information on this blog is no substitute for financial advice.