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RICCARDO_BAMP
Mar 1, 2018 11:23 AM

IOTA-ETH; possible BULLISH Long

IOTA / EthereumBinance

Description

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.
Comments
CryptoBuzzAnalyst
Im on it !
RICCARDO_BAMP
@CryptoBuzzAnalyst, Unfortunaately the dynamic and static supports did not stand. Bitcoin and Ethereum fall drive everything down. Let' see if the 61.8% level may work as support. I will post the development in these days. Again it strongly depends on Btc and Eth.
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