The bulls want to keep on running. but the King (BTC) slowed us down. Our trend developed strong resistance points at 5 and 5.50. If we break 5, we go straight for 5.50. If we brake 5.50, then the next stop is 6. It all looks bullish on our side. But we need BTC to start a run too. And all the signs are saying that BTC has fueled up and is getting ready to attack that 20k mark.
This is just an idea. Use this at your own risk!
This is just an idea. Use this at your own risk!
Note
So far the idea is working. The market is respecting the support trendline. Soon we will see if we can break the resistance trendline. Then the next stop is the strong resistance at 5.50. BTC and IOTA have an upward movement in RSI. Should moon again!
There are also news that in Q1 or Q2 of 2018, IOTA will announce partnerships with autonomous vehicle producers (VW, BMW, Tesla?). The future is bright for IOTA.
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.