We were right with our IOTA prediction. There’s an obvious IOTA lift off.

Well, many people believe in IOTA given the more than 10X spike in the last 2 months. NEM is also picking up while we are seeing a slowdown in LTC, DASH and Monero.


NEM bulls 4HR chart technical analysis
XEMUSD 4HR Chart for December 20, 2017

After yesterday, we can say we were on the right side of the trade as prices ended up rallying. In fact by close, NEM highs had tested $1.12. That’s about $0.32 from where we had placed our buy stops. It was at our resistance if you remember well.

I will be general today. First, following that spike, we shall remain calm and stay humble in our “mini victory”. Long term trend buyers are late, perhaps buying in the last stage, the 4th wave of the Elliot wave.

Since I don’t know what the future prices are, we shall base our swings here on the 4HR chart. The thing is, the 20 period MA has is still reliable and positive sloping meaning buy momentum is still high.

However, we got a little problem with our stochastics. Bears are jumping in. Remember just before December 19 close we had this bearish engulfing candlestick preceded by that inverted hammer which by the way closed above the upper BB resulting in a double bear reversal pattern.

In my opinion, NEM prices could easily retrace back to support at $0.80. Once a buy signal prints at the oversold territory, that is when I might end up buying depending on the then prevailing set up.


DASH bears 4HR chart technical analysis
DASHUSD 4HR Chart for December 20, 2017

I was doubtful of this reversal and now you see why. As it is often the case, reliable reversal happen at levels mentioned from December 19 Analysis-around 38.2% and 61.8% or even lower.

If we analyze this “rally” then you notice that there are no buys to pump prices. Stochastics are even turning lower from deep the overbought territory accompanied by those bear candles.

Look, in the long term we remain bullish. DASH, the project is awesome but for intra-week traders, stay on the sidelines and observe.

I anticipate some form of reaction at the middle BB but a dip below last week’s high will be ideal for buying at dips.

For this reason, my potential area where buyers might jump in is around $830 and $900.


IOTUSD 4HR Chart for December 20, 2017

It looks like our prediction on December 19 is turning is turning out to be a USD minter.

Well guys, I recommended once prices test $5.5, we should move our stop losses to $3.5. Now let’s do that and lock in some profits.

Confident of higher highs? Yep! Reason?  These strings of IOTA soldiers are a break out in the daily chart. It’s basically an IOTA lift off. IOTA prices might slow down today but chances of it closing above $5.5 is also high.

Of course caution should prevail. If IOTA prices tank, then our stop losses at breakeven would be hit and we exit the trade gracefully.


Monero short term bears 4HR chart technical analysis
XMRUSD 4HR Chart for December 20, 2017

Is Monero showing cracks? Short term? likely….long term? Definitely not.

From experience, for a higher time frame candlestick to be complete, two wicks at each side of the body must be formed. Right now, the lower wick is in progress.

I would say Monero buyers are on the sidelines ready to pounce. The question on my mind is simple. Will the middle BB hold? It has been a concrete floor for the past 2 months-zoom out and check it out in the daily chart.

Now, if it does or not, that I don’t know. I will only place a 65% chance advised from past reactions. In this time frame, buy momentum is slowing down and as I type this, a clear sell signal is posing like that hot chic.

Everyone can see but no one is willing to ride down with it. I’m one of them unfortunately. The moment bears drive down prices, I advise swing traders to move profits to break even.

Buy entry will happen once a buy signal shows maybe at around $290 or lower.


LTC bears 4HR chart technical analysis
LTCUSD 4HR Chart for December 20, 2017

Its looks like my 75 cents is out. I’m watching paint dry and convinced we might have bought at the tip. LTC prices are stagnating and this is taking out LTC steam.

The $70 range to $420 seems miles ahead. Maybe it is, maybe not. Demand is slowing as stochastics show.

I’m of the opinion that prices might continue stalling as it is or even drop towards the 38.2% Fibonacci level. That by the way is first level. It can be worse. LTC might even test $250 before a buy signal prints.

That is of course dependent on if the middle BB will hold. If it does and a bull candlestick shows, that’s a reprieve, if not well…we shall exit and wait for another buy opportunity.

All charts courtesy of Trading View

Dalmas Ngetich

Interested in new Tech

  • eric.lucia

    IOTA gets substantial investment from Bosch Group VC and yesterday we saw new ATH. The price will be 10$ soon.

    • Peter Hillman

      Looks like many big corporations which have something to do with technology are seriously interested in IOTA. With such a big support, $10 is the bare minimum.

      • How high you think IOTA can go?

        • Axwulph

          Who knows. But one thing is sure, it will be much more. When IOTA mentioned about first partnerships the price grows at least 600%. And other companies will come.

          • I’m tipping on 40 $ in 2020.Here’s to that!

        • Julian

          100,- dollars in the 2020

        • netscout

          By 2020 we would have billions of IoT devices and with the support from Bosch – they are providing not only money but they will also support IOTA team on bringing this project to full scale deployment, I would say 80 USD min.

      • Beorhtio

        Another big company, another capital from big investors. We have luck because we can part of it. In everyday life small investors haven’t such opportunity to be a part of big project like IOTA.

  • MadhukarLuka

    In my portfolio dominate DAG currencies and IOTA is the best one. And if you take a look to the charts in last days you can know why. And the best part is, it is only beginning. Next year this coins will be leaders of crypto world.

  • Ben Bittfleck

    Of course there’s IOTA lift off. Everybody is obviously diversifying portfolio from Bitcoin to include also other alts and IOTA is one of the most promising cryptos, so it should get a big share of that money. Now thanks to partnerships with biggest corporations it also gained a lot of credibility, so it looks like a good and relatively safe investment.

  • paparadis

    IOTA is still undervalued. It is one of the best chance for new investors in cryptoworld. And also good for diversification of portfolios.

  • Erasyl

    Who believe in a machine economy will be rewarded. Who doesn’t, will cry. If I could choose only one project to invest money, it will be IoTA. For long time I have not seen project with such great potential for future grow. The IoT is near, and leader is IOTA.

  • Arslada

    IOTA will continue with rising up. I purchased some coins because IOTA is really great coin with a new basic non-blockchain system and other qualities. Big investors started to interest in IOTA and others coins based on revolutionary DAG technology like Byteball for example because they realize how good the DAG technology is.

    • Julian

      Good choice. You will no regret.

  • onghihao

    If the big investors giving money to something, they want to more money back. And now companies invest to IOTA, which means they expect at least exponential growth of this project. I think the same and buying more coins:)

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