Cryptoyivves here again, now talking about $IOTA. IOTA seemed to be picking up steam after the recent bullish run by $BTC since Friday night. However, after testing 0.500Fib yesterday at 11am, it seemed like it will make a U-turn back down.
$IOTA went back down past the 0.328Fib support (to much of my dismay), but was stopped by another upward trendline. Volume is low and dropping which shows market indecision and neglect as well.
For now, we will need to keep an eye on whether $IOTA finds support at the 0.328Fib or goes further down to test the upward sloping trendline again. Should $IOTA break support of the inclined trendline, I would think it will go down to test the 0.236Fib. For now, I would HODL to see the next few closes of $IOTA.
$IOTA went back down past the 0.328Fib support (to much of my dismay), but was stopped by another upward trendline. Volume is low and dropping which shows market indecision and neglect as well.
For now, we will need to keep an eye on whether $IOTA finds support at the 0.328Fib or goes further down to test the upward sloping trendline again. Should $IOTA break support of the inclined trendline, I would think it will go down to test the 0.236Fib. For now, I would HODL to see the next few closes of $IOTA.