Let’s have a closer look at the situation on the Hourly chart. The currency pair has demonstrated strong desire to grow as it establishes higher lows and highs. The price has jumped over the Fibonacci retracement graphic tool, but returned inside. What are the possible ways for IOTA/USD?
1. Red scenario (bearish). The currency pair will decline breaking through several retracements including 0.236, 0.382, 0.5.
2. Orange scenario (neutral). The currency pair will reach $1.8472 and jump off this resistance level targeting the closest support area.
3. Green scenario (bullish). The currency pair will reach $1.8472 and break through this level targeting the next resistance area at $1.9533.
Check the full crypto analysis HERE>>>.
All trading ideas every day on CryptoComes: u.today/pricewise
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!