IOTA - Welcome BackIn light of TradingView locking all of my posts, I'll keep these more brief and you can check out my Yours, in my signature, for a full breakdown.
In August, IOTA was one of the mightiest bulls. A highly manic run to $1.10 had limited pullbacks along the way. The ones that did happen were bought up so quickly that it was like the splash from throwing a rock into a lake.
IOTA, after making a great comeback on breakout to the 95c range, suffered a few major dumps, most notably on Tether FUD night where it lost ~20c nearly on the spot.
Worthy of note is price action bounced almost perfectly from MA70 on the 6H chart and has since exploded upward, to retest the all-time high at $1.10
Price action currently bounces from this barrier, so I advise only entering a long trade on a breakout of this point.
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