Accumulate IOTA

2023年12月20日

IOTA broke the two key resistance EMA50D and MA200D with a huge buy volume three weeks ago. Prices have been consolidating above these levels.

A relative big buy pressure would make the EMA50D crosses the MA200D and then trigger a rally.

My plan is simple:

• Entry: Buy IOTA at this price $0.28 and DCA to $0.24 if price goes there.
  
• Take-profit: Mid-term targets are in charts. If you believe in the fundamental (IOTA 2.0 for parallel validation of transactions will be released soon), the long-term target is very possible.
  
• Invalidation: 1W candle closing below the EMA50D
  

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

2023年12月22日

註釋

IOTA starts moving

2023年12月27日

註釋

Finally, I were watching this pattern (see screenshot below), IOTA has just broken the trendline and would continue to go up. Short-term targets are blue lines in the following screenshot.

2023年12月29日

註釋

IOTA has a good momentum, let's see which target will be reached

2024年1月2日

註釋

This swing trade would take weeks to see big move:

2024年1月3日

註釋

EMA is holding price after a huge sell off today. Spot buy is still runing.

2024年1月10日

註釋

Trade is still active

2024年1月18日

註釋

Trade closed (see my latest post of BTC, it's weak)