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coinselor
Oct 6, 2019 4:23 PM

MIOTA (IOTA) - W Bottom 

IOTA / BitcoinBinance

Description

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.
Comments
coinselor
Weekly close above previous resistance now acting as support. Great consolidation and bounce off support.

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