Let's start with the overview of the project.
MIOTA (IOTA) Overview
What is IOTA?
A permissionless distributed ledger for a new economy
An Open-Source Distributed Ledger
The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.
MIOTA Trade Analysis
Let's start today with the , this is the chart that we will use for this analysis:
- Our 2017 support has been touched, marked with yellow square... And trading had a massive increase after this support was touched, signaling interest for this altcoin at this price.
- MOITA starts to move.
- is now trending on the side and is coming out of oversold.
- We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next.
- Let's trade.
MIOTA Trade Instructions
Buy in: 0.0000738 - 0.0000791
Targets for IOTABTC by Alan Masters:
Stop loss: Close daily candle below 0.0000672
Capital allocation: <10%.
Wishing you many blessings for today...
You can trade this one for profits. The charts are looking good now.