CHART ART: Friday Altcoin in Focus: IOTA - IOT/USD

in #cryptocurrency3 years ago


I can't remember which post it was to link, but I definitely have asked which alt coins that you want to talk about with me. I've only really charted the big 3 that I own in Bitcoin, Etherium and Litecoin, but fuck, I want more.

One that I've been watching for a while is IOTA.

From Coinspot:


As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

I've read some discussion around it on Twitter and the price action certainly speaks to me in the language I understand.

IOT/USD Daily:

There's not much history to go on, but there is one daily swing high that I've marked with a horizontal line. A level that's being retested as I'm writing this post.

But it's the intraday charts where it gets really interesting. Take a look at this for a bullish chart:

IOT/USD Hourly:

Previous resistance turned support, previous resistance turned support, previous resistance turned support, previous resistance turned supp... You get the picture.

Seriously, just look at those steps!

Cheers for that Mario.

I want it to pull back anywhere near the 50c level and I'm going to be all over it like a rash. I am actually burning (I hope you're seeing the imagery that I'm trying to create here) that I'm not on yet. I have watched this thing just give me dream setup after dream setup and I have let them all pass me by.


Well what do you think about IOTA? I'd love to hear from people who actually know something about the tech behind it and what the actual story is from a fundamentals point of view.

Leave a comment and let's chat.


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There is not sopping IOTA. They have also partnered with the largest data base for missing and conflict displaced people! The sky is the limit! I have to run with with the in-depth info. Thanks.

Now give me a pullback to get in! :P

Just get in and invest. Stop worring about entry points.

The old trading vs investing argument.

Obviously this is for longer term so I need to ditch my trader mindset and as you say, just get in!

Interesting and informative. Will be watching.

Keep your eyes on that 50c level.

I need to finish reading the whitepaper on this one...

When you finish it, come back and lets chat IOTA!

-Continues sobbing softly into my pillow at night

I think it will be over $1 (USD) this night

Very interesting . Upvoted and resteemed :-)

No you didn't.

Thanks for the spam though.

 3 years ago Reveal Comment