RICCARDO_BAMP

IOTA-ETH; possible BULLISH

Long
BINANCE:IOTAETH   IOTA / Ethereum
Lately I have monitored the recovery of IOTA from the beginning of february. We may are at a turning point. The price has made a triangle facing the negative trend line coming from the start of January. The volumes are decreasing with sudden increases on the positive spikes. The price has found support on a critical precedent resistance (the arrow points it) which is actually the 32.8% level of the FIBO retracement. A possible break out of the negative trend line with incresing volumes may turn in a bullish period towards the January, or before, price levels.
Stay focus on volumes.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.