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jpbrown1023

IOTA - Testing Resistance, 50%+ gains in the works!

Long
IOTA / Bitcoin (BINANCE:IOTABTC)  
jpbrown1023 Updated   
BINANCE:IOTABTC   IOTA / Bitcoin
Trend Analysis Chart Patterns Technical Indicators IOTA iotausd iotabtc IOTUSD
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trendanalysis chartpattern indicator iota iotausd iotabtc iotusd
Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line which is also bullish, especially on the daily time frame. Get ready!
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