IOTAUpdated Iota heading towards critical support @ 0.46
It seems that IOTA has reached to its lowest points, taking into consideration, that since July 2017, the price has touched the rising support line twice now, and going to test it for the third time.
In my opinion, that is the actual adopton support. If we get a bounce off of 0.46 dollar level on daily chart, this could be a good indicator, that we have reached the bottom for IOTA.
This is not financial advice, just a fellow trader offering his thoughts.
In my opinion, that is the actual adopton support. If we get a bounce off of 0.46 dollar level on daily chart, this could be a good indicator, that we have reached the bottom for IOTA.
This is not financial advice, just a fellow trader offering his thoughts.
Note
the price should also bounce crossing 55EMA line, to strongly confirm the reversal of the trend.Note
We are currently touching the 0.45-46 support line. Will it hold? IS the actual support there? Remains to be seen.
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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.