IOTA fell out of its upward channel with a huge dip today of 15%. RSI is now oversold on the 4h, and has touched RSI resistance of 30. Bullish cross forming on the Stochastics RSI. Wave 1 has completed with this correction. We are seeing bullish signals now, looking as though wave 2 might have finished as well, but be careful as we have not seen an ABC correction on the way down. Either way, looking for wave 3 soon to take to new highs.
*My opinion - not financial advice *
*My opinion - not financial advice *
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.