coinselor

MIOTA (IOTA) - W Bottom

BINANCE:IOTABTC   IOTA / Bitcoin
Miota printed yesterday a new 88-day high after forming a beautifully clear W bottom. Breakout volume was 3x the average. Even though the price picture is very clear, the trade proposition isn't that great.

For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently.

Will keep an eye on price action moving forward.