Skip to main content

IOTA price forecast: Will IOTA fall back to the low for the year?

 


The IOTA course was rejected again bearishly after bouncing up. Is the IOTA price now falling back to the low for the year?


IOTA price prediction: IOTA breaks out bearish

In the last IOTA price forecast we wrote: “ This means that IOTA is now again at the golden ratio support at around USD 0.28. In addition, the middle line of the parallel downward channel, which can be seen in the monthly chart, runs just below it. If the IOTA price bounces off the golden ratio support at around USD 0.28 again, significant Fib resistance is already waiting for IOTA at around USD 0.287 and USD 0.3. Otherwise, the 50-day EMA is acting as a significant resistance around $0.313. "


The IOTA course was rejected bearishly at the golden ratio at around USD 0.3

The IOTA price has bearishly broken the golden ratio support at around USD 0.28 and then bounced off the middle line of the parallel downward channel. The IOTA course was then able to rise to the golden ratio of around USD 0.3, but IOTA was strongly rejected.


IOTA is again at the golden ratio support at around USD 0.28. Additionally, the histogram of the MACD on the daily chart is ticking bullishly higher while the MACD lines are still crossed bearishly. The RSI is neutral.


The weekly MACD is giving bullish signals

Should IOTA bounce off again, the crucial Fib resistance is waiting at around USD 0.33. Because the correction is only over when IOTA breaks the golden ratio at around USD 0.33.


On the weekly chart, MACD histogram is ticking bullishly higher after ticking bearishly lower last week. The MACD lines are crossed bullishly and the RSI is neutral.


Will the IOTA price fall back to the low for the year at around USD 0.231

Also in the monthly chart, the histogram of the MACDs closed bullishly last month. So far this month it is also ticking bullishly higher. However, the MACD lines are still bearishly crossed and the RSI is neutral.


Nevertheless, the bearish rejection at the golden ratio resistance is a confirmation of the bear trend, which could allow IOTA to return to the support between USD 0.205 and USD 0.254 in the medium term.


In the long term, IOTA is in a bear trend anyway.


Against BTC, it successfully held the 0.382 Fib support

Against BTC, the histogram in the weekly chart is ticking bearishly lower for the third week in a row. However, the MACD lines are still bullishly crossed and the RSI is giving neither bullish nor bearish signals.


Bullish is that IOTA was able to bounce off the 0.382 Fib support at around 0.00001312 BTC. IOTA is still finding crucial resistance at the Golden Ratio at around 0.0000158 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more