Watching IOTA for Pullback to Add to EXISTING Position
IOTUSD Analysis 4-26-2018 — Watching IOTA for Pullback to Add to EXISTING Position
Hi all!
IOTA is cooling off after a monstrous move off the $0.92 local low.
After riding the 4 HR Bollinger Band's upper channel all the way up through multiple resistance zones, IOTA has crossed back into the lower channel following a stronger sell off than we saw in the previous two pullbacks.
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Notes:
- Daily RSI is still bullish
- Using daily candles, IOTA is still riding within the upper channel of the Bollinger Bands
I've outlined some price levels that IOTA has reacted to in the past on multiple occasions — $1.50, $2.00, $2.10, and $2.20.
This doesn't surprise me — these are nice round numbers that act as psychological barriers/supports.
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I peeled off 15% off my position at $2.15 — so personally I'm looking to add to my holdings on any pullback.
If IOTA pulls back to the nearest psychological support at $1.50, I'll be adding my 15% and then some and looking to unload it in portions as we approach $2.00, $2.10, $2.20.
Hi all!
IOTA is cooling off after a monstrous move off the $0.92 local low.
After riding the 4 HR Bollinger Band's upper channel all the way up through multiple resistance zones, IOTA has crossed back into the lower channel following a stronger sell off than we saw in the previous two pullbacks.
__________________________________________________________________________________________________________________
Notes:
- Daily RSI is still bullish
- Using daily candles, IOTA is still riding within the upper channel of the Bollinger Bands
I've outlined some price levels that IOTA has reacted to in the past on multiple occasions — $1.50, $2.00, $2.10, and $2.20.
This doesn't surprise me — these are nice round numbers that act as psychological barriers/supports.
__________________________________________________________________________________________________________________
I peeled off 15% off my position at $2.15 — so personally I'm looking to add to my holdings on any pullback.
If IOTA pulls back to the nearest psychological support at $1.50, I'll be adding my 15% and then some and looking to unload it in portions as we approach $2.00, $2.10, $2.20.
Note
Bigger time frame look
Note
Note: If BTC moves up from $9000, this pup is going to get carried with it. This is simply my plan IF IOTA continues to fall, not predicting that it will.
Order cancelled
IOTA didn't pullback — no dice!
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