First a little of fundamental analysis. IOTA is maybe one of the most disruptives cryptocurrencies in the ecosystem. His characteristics are knowed, in the last months a word, for be more expecifically, a single letter was the thing most hyped and talked in IOTA discord, reddit and slack. Im talking about Q.
Recently the IOTA fundation finally revealed what Q is, now we can call it with a word Qubic.
I can resume Qubic like a second layer in the tangle that allow smart contracts, oracles, and more. This is the fundamental analysis
Now a very rookie and simple technical analysis. I start with MACD that show me a little bearish signal, but William %R also show me the possible duration of this.
The start of the bullish trend channel and his possibles floors builds my bottom line of the channel and a possible point to reverse of the small bearish signal, then a possible point that is near to psicologycal target and the upper line of the channel, that enforce the possible next target in 3 USD.
Recently the IOTA fundation finally revealed what Q is, now we can call it with a word Qubic.
I can resume Qubic like a second layer in the tangle that allow smart contracts, oracles, and more. This is the fundamental analysis
Now a very rookie and simple technical analysis. I start with MACD that show me a little bearish signal, but William %R also show me the possible duration of this.
The start of the bullish trend channel and his possibles floors builds my bottom line of the channel and a possible point to reverse of the small bearish signal, then a possible point that is near to psicologycal target and the upper line of the channel, that enforce the possible next target in 3 USD.