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I also use ereaderiq.com. Have so for years. I use the chrome add on and so I can add a book to the watchlist right from the amazon page. Give the amount I want to get notified, you can also easy see what the lowest price of the book was at any time and how often it lowered. This helps when a book goes on sale all the time so you just wait by setting a watch list for price for that amount. I have 100's of books on my watchlist and I funnel the emails into a filter in my email account.
The other thing you can do with ereaderiq is put a book on watch list that doesn't have a kindle version yet. I do this a lot too and its nice to see over the years lots of books finally being released in ebook. You get an email when there is a expected kindle version in those cases.
I have books in wishlists on amazon also, but I have never been notified of any lowering prices there. Not automatic, I have to go in and look.
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