TiborVrbovsky

IOTA has Broken out from Downtrend channel!

BINANCE:IOTABTC   IOTA / Bitcoin
Hey, this is another Idea on IOTA.

Iota has been long time in a Downtrend channel after the breakout (115 days).
During this time, IOTA has shown us no clear Bullish divergence .
BUT 2 days ago IOTA broke out from the dowrtrend channel and can keep on growing.

Looking at the indicators.

MACD - Yes, the MACD has looked kinda bullish in this downtrend channel and you could still make about 25% each trade with the daily MACD , but it could never hold on the uptrend. This time its different because we have broken the channel and Blue line is steeply headed upwards.

RSI - In short, First time bullish after 4 months.

CCI - Shows high demand.

Hope I made your view on whats going on with IOTA somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks!

If this gets a little bit of attention, I will update.
Comment: First stronger ressistance was passed, MACD looks bullish RSI bounced this can lead to strong breakout.
Comment: Daily Indicators look even better.
Comment: Climbing.
Comment: Buying Volume increasing, Rsi still high.
Comment: Solid 40%.
Comment: Ready for another run
im strapped in and rdy for another run
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