Lately IOTA has been having less activity than usual. People seem to be less interested in the OMG/IOTA hype and are now into the NEO/XRP hype. Huge bounces and more than positive correlation with bitcoin has dissapeared.
Because IOTA didnt form many supports on the raise we currently only have the 2 supports that i showed on the chart and the fibonacci supports. Iota doesnt like the .768 and feels more comfortable at the .61 atm. Indicators say this could be the bottom, but the chart also gives us a potential bearish flag. big support is the .768 and targets for up break of bearish flag is near ath or 1.6 ext of wave 1.
Going for a small long on IOTA for old times sake. Entry/target and SL are on the chart
Because IOTA didnt form many supports on the raise we currently only have the 2 supports that i showed on the chart and the fibonacci supports. Iota doesnt like the .768 and feels more comfortable at the .61 atm. Indicators say this could be the bottom, but the chart also gives us a potential bearish flag. big support is the .768 and targets for up break of bearish flag is near ath or 1.6 ext of wave 1.
Going for a small long on IOTA for old times sake. Entry/target and SL are on the chart
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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.