Midterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A trough is...
Technical analysis: . IOTA/US Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the resistance...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the resistance...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...