IOTA
Short

Short term consolidation before further downside. Short.

The first curve shaped support held for IOTA and the 4H Channel Down broke sideways on neutral RSI = 47.802, STOCH = 50.707, ADX = 24.263, Highs/Lows = 0. With such a low pace (MACD = -0.104, Highs/Lows = 0, B/BP = -0.0521), the 1D Channel Down (RSI = 37.278) is limited to a 0.6700 Lower High maximum extension. As long as this holds, we will remain short on IOTUSD, targeting 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
Chart PatternscryptocryptocurrenciesCryptocurrencycryptosTechnical IndicatorsIOTIOTAiotausdIOTUSDTrend Analysis

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