1D Rsi shows highly overbought conditions. This relief rally, after a new all time low since trading started against TUSD on Binance, is most likely followed by a big retrace seen in Iotas price history.
Me being short term bearish on bTC too supports my idea since IOTA follows BTC more or less.
Seeing support at 0,15 while also seeing old support become resistance at 0,25 for now.
WIth iota having good fundamentals and a really good team and vision behind it i am long term BULLISH.
But until their coordicide id recommend DCAing in at oversold RSI to accumulate because if they succeed i see them back in the TOP 5 cryptos for sure.
Have a great day traders :D
Me being short term bearish on bTC too supports my idea since IOTA follows BTC more or less.
Seeing support at 0,15 while also seeing old support become resistance at 0,25 for now.
WIth iota having good fundamentals and a really good team and vision behind it i am long term BULLISH.
But until their coordicide id recommend DCAing in at oversold RSI to accumulate because if they succeed i see them back in the TOP 5 cryptos for sure.
Have a great day traders :D