Hi All, Iota took some major hits last few weeks with its cryptographic algorithm being compromised and having been changed. However, we still saw that IOTA is strong. There was also a retracement excpected which it is now showing. A trade here, and at lower levels would be a good long term trade. Buys: 0.50, 0.45, 0.40 SL: 0.375 TP: 0.75, 0.85, $1 Most of my...
Looking to see if IOTA has found support ~$1. If so, we may see it bounce around in an ascending channel for a bit. Will be looking to see if this support line is real or not, then will be watching for a breakout. It looks like we've had some accumulation and after big news yesterday-- and a little profit taking today-- we might be poised for a rise.
According to the signal RSI - the price is in the oversold zone - this is a signal to sell. According to candlestick analysis, I noticed three consecutive "hung" - this is a signal to sell. The volume of trading is also decreasing. In recent days, the price has grown well and I think that today there will be a correction. for sale 0.77 target 0.69 and possibly...
pattern double bottom - the figure of the trend reversal. The volume also grew. But with the purchase it is worth the wait, since the stochastic RSI shows some kind of overbought. You can buy from 0.43, stop-loss at the level of 0.407.
Here i present my primary count for IOTA! Looks like a textbook double zig-zag. Apparently we are completing the 4th wave of C so the fifth will complete the WXY pattern. A prominent H&S pattern could mark us the end of C, being a great entrance for this crypto. Wish you great profits!