Cryptocurrency pair IOTUSD analysis for October 8, 2026

Analysis based on modified wave analysis, Fibonacci levels, and price channels.

October 8, 2026.

IOTUSD

The trend is bullish. The coin is trading between the 365 EMA and the 135 EMA. The bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, and the Stochastic Oscillator also indicates bullish divergence.

Trading idea:

Buy upon the formation of an upward wave structure, where wave (A) breaks the trendline of the truncated bearish structure.

Place the Stop Loss below the local low of the truncated bearish structure (0.0514).

Target levels: 0.0560; 0.0600.