IOTA / BitcoinLong
IOTA Price analysis
1D Timeframe
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
Disclaimer
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.
Disclaimer
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.