I know it's about opportunity costs right now. So many alts are positioned super sweet vs usd AND vs btc as well. To name a few (the ones I have in my portfolio, yeah I am biased, a little ;-)): LINK, ADA, NEO, EOS, BNB, XLM etcetera etcetera. Iota has not gotten much love recently. It deserves some love right now in my humble opinion.
This is a chart which shows sooo much upwards potential, I had to bring it. Not much time right now, trading myself, I will clarify AND update later on. Look at trendlines, a massive confluence of textbook bottom lines, look at the nice RSI divergence as well. Ma20 crossed the ma50 (the latter is about to flatten). 75 percent sure a big winner.
This is a chart which shows sooo much upwards potential, I had to bring it. Not much time right now, trading myself, I will clarify AND update later on. Look at trendlines, a massive confluence of textbook bottom lines, look at the nice RSI divergence as well. Ma20 crossed the ma50 (the latter is about to flatten). 75 percent sure a big winner.
Comment:
When I look at Iota vs usd, I see an inverse shoulder head shoulder figure.
The neckline is more of a zone instead of a very clear and defined price point, but it looks to me we are punching through it.
I try to find bearish elements, just being diligent and analyzing thoroughly, I just can't find any.
The neckline is more of a zone instead of a very clear and defined price point, but it looks to me we are punching through it.
I try to find bearish elements, just being diligent and analyzing thoroughly, I just can't find any.
Comment:
Zoom in 15
Consolidation.
Consolidation.
Comment:
Same picture. Not much going on over there.
I expect some movement now, and I am not 100 percent sure but quite confident we will be heading North. Towards that purple pinkish line or whatever color I picked there.
I expect some movement now, and I am not 100 percent sure but quite confident we will be heading North. Towards that purple pinkish line or whatever color I picked there.
Comment:
Okay, we got the expected movement towards purple pink and even beyond that.
Afterwards we got movement as well, that's undeniable.
Quite peculiar price action I must say. I just observe it with some animosity, I return from some (deserved) rest. You cannot trade 24/7.
I guess some stops would have been triggered if I had been around. I probably would have bought that break above purple/pink whatever color it is. I am a little colorblind, I really don't see it.
Afterwards we got movement as well, that's undeniable.
Quite peculiar price action I must say. I just observe it with some animosity, I return from some (deserved) rest. You cannot trade 24/7.
I guess some stops would have been triggered if I had been around. I probably would have bought that break above purple/pink whatever color it is. I am a little colorblind, I really don't see it.
4h zoom in
I accidentally wiped a whole lot of text. Anyway, short version, I expect green to be touched soon.