IOTABTC trade ideas
🔥 IOTA 🔥 +55%🔥 IOTA 🔥 +55% Based on previews supports/resistances.
IOTA Is The Backbone Of IoT
The IOTA network is built to for the Internet of Things, with tamper-proof data, feeless micro transactions and low resource requirements.
Enabling The Machine Economy
IOTA is posed to play a central role in the next industrial revolution, enabling economic relationships between machines and bridging the human and machine economies.
The Tangle
The Tangle is IOTA's network. It immutably records the exchange of data and value. It ensures that the information is trustworthy and cannot be tampered with nor destroyed.
IOTA retesting supportThe current level was rejected in February and August 2020.
It broke through in April 2021 and is now retesting this level as support.
My guess is that it will bounce now or oscillate around this level with a dampening effect before taking off in June.
If it breaks below the 20 day simple moving average it is looking bearish.
The project has strong fundamentals/transparency compared to projects with much higher market caps.
Not financial advice.
IOTA will explode soonYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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