[IOTABTC](510% PP) MIOTA Hits Bottom Time 4 Up

Alan Masters
November 5, 2018
[mcrypto id="29363"][/mcrypto]

[9-April] Trade active.

Ranked on CoinMarketCap as one of the cryptocurrency with the biggest market capitalization, MIOTA is sitting at #13 in the Top20 altcoins by marketcap.

Let's start with the overview of the project.


MIOTA (IOTA) Overview

What is IOTA?
A permissionless distributed ledger for a new economy

An Open-Source Distributed Ledger
The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.


MIOTA Trade Analysis

Let's start today with the daily chart, this is the chart that we will use for this analysis:


  • Our 2017 support has been touched, marked with yellow square... And trading volume had a massive increase after this support was touched, signaling interest for this altcoin at this price. MOITA starts to move.
  • MACD is now trending on the bullish side and RSI is coming out of oversold.
  • We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next.
  • Let's trade.


MIOTA Trade Instructions

Buy in: 0.0000620 - 0.0000700

Targets for IOTABTC by Alan Masters:

(1) 0.0000921
(2) 0.0001061
(3) 0.0001191
(4) 0.0001291

Longer term
(1) 0.0000141
(2) 0.0000161
(3) 0.0000181
(4) 0.0000201
(5) 0.0000221
(6) 0.0000261
(7) 0.0000281
(8) 0.0000321
(9) 0.0000411

First round:
(1) 0.0000921 -Reached 23-Dec.
(2) 0.0001061 -Reached 3-Jan.

Stop loss: Close weekly candle below 0.0000600.

Capital allocation: <10%.



Wishing you many blessings for today...