A completely commented graph of IOTA/USD. Current price: 0.5779
Updated
The graphic is self-explanatory. Caution, it is not a trading advice.
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Now, I'm confident that the indicators on the chart are showing an upward trend.Enjoy.
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The price has made a double ceiling around 0.636 and has returned to the 0.599 support.Trade active
With the bullish trend in BTC, we must be cautious or close the operation.0.5918 USD would seem a solid support in the current scenario.
Be aware of the price and make a decision according to your risk level.
Note
IOTA could not stand the rise of BTC. As a result, IOTA lost its bullish trend in time frames shorter than 1 hour.You can use the RSI as a trend reversal indicator and should expect a rebound from the 45 - 50 levels. The RSI should be kept in the upward half of the chart to validate a bearish reversal. If the latter does not occur, consider selling according to your risk level.
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