There was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase.
However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore.
Hell, I can't even make much sense of those indicators. Maybe there are others who can include even more indicators and combine them in some clever way to get an idea what's happening next with this revolutionary technology's token price.
I have yet to see a single post on here which managed to accurately predict the next move. And I like to think I have read them all.
I'm not a big fan of fundamentals, but here is what I do think:
It won't moon anytime soon. Shit, the price probably won't even go through the roof of a hobbit hut before March. It (the tangle) is the foundation for an entirely novel economy and this token is one of the fundamentally solid and safest investments to make on the cryptomarket.
Call me crazy.
Bình luận
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Remember: As long as the ADX remains where it is (15!), we won't see any major price action. At best we'll the price bouncing between Ichimoku cloud and lower Bollinger Band. Not worth the hassle of daytrading for me.
yes, it was many times now when people predicted that breakout will occur at the end of this triangle...and then at the end of this triangle...and another one XD. And now we are almost few steps away from uptrend line..so something has to happen
knowhatamine
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@AlekseiLukashevich
in the case of IOTA it really won't hurt to look at the fundamentals.
We are looking at a game of tug'o'war. There are established mining and blockchain companies who seem to be quite afraid of being on the wrong track. These are the ones spreading the FUD, not by merely posting news articles on their own sites (I won't list any names here, anyone is free to do their research), but they have gone over to promote FUD posts on reddit and pay off other news sources to blacklist any IOTA FOMO. The cryptocurrency reddit for example isn't just blacklisting posts, but they are changing the order of replies on a regular basis so the threads become unreadable.
Then of course there's the extremely user-unfriendly wallet. It's shortcomings have caused quite a few DAU's to lose their money (dumbest assumable users).
The other end of the rope is held firmly by corporate partnerships. Not rumors of corporate partnerships, but actual partnerships. Bosch, Cisco, MAERSK, ElaadNL, Volkswagen, several governmental institutions (Taipei, Haarlem\NL) are just a few names on the long list of participants.
In the meantime the IOTA foundation has given up on trying to please the crowd by fighting the FUD, but are instead entirely focused on development and increasing their reach into the worlds of gouvernments, financial institutions and industry.
The result is what we are seeing now. I can not tell whether or not the price will drop below 2 USD, but I will be bold enough to claim the price will see significant upwards action once the use-cases are actually deployed.
Volkswagen's CTO Johann Jungwirth has clearly stated that cars will soon be enabled to pay directly thanks to the successor of the blockchain technology. You can take a wild guess what project/technology he's talking about. Hint: He's on the supervisory board of the IOTA foundation. ;)
ElaadNL is running charging stations for electric cars and has managed to build a prototype of a charging station that is running on the tangle and allows cars to be directly charged with energy, paying for it with IOTA.
If there weren't so many people who do their research (reminder: The foundation isn't rubbing these things into the public's faces), the price would've probably dropped to 1USD by now.
If you are clever, you try to keep it quiet and buy buy buy whenever the price drops towards 2USD. But please, keep it on the down low and let the fudders (along with their armies of bots) do their part.
Let's all hope IOTA goes down to 1USD before the FOMO craze begins.
knowhatamine
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Yes, I most certainly am a fanboy. IOTA won't be making me rich, but it'll allow me to see the glow in my grand children's eyes when I tell them I was running one of the first 2000 full tangle nodes. :D
knowhatamine
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@AlekseiLukashevich,
regarding the trend line:
February 15th will be interesting.
But like I said in my other post: Nothing would make me happier than to see IOTA at 1USD levels. :D
knowhatamine
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@AlekseiLukashevich,
wait, we have actually already broken the trend line. In fact we broke through both the daily Ichimoku cloud as well as the lower Bollinger Band on the very same day:
ZirSiri
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ive been following btc/usd pairs and i feel like since the big correction starting in december iota's been following btc patterns....till today? maybe a breakout otw?
Indicators looking good atm on my end of the screen, fingers crossed!
rtom
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Iota is pretty solid and would be higher now if their one developer would'nt be that angry on twitter. Hopefully he's a genious mind anyways. Actually good time to buy in for me.