Not a lot of crazy TA possible here for now. We're currently moving insidethe indicated wedge and have been ever since the bull run. We will have to see to which side it will break out.
What I'm looking for is for the previous resistance to turn into a reliable support for the price (white line).
We can also see that the 50 day MA has served as a good support. A dive and a close below this MA will spell bad news for IOTA.
They have a few events coming up this month so I see the possibility of breaking up and out of the wedge higher than diving down.
Happy ttading!
What I'm looking for is for the previous resistance to turn into a reliable support for the price (white line).
We can also see that the 50 day MA has served as a good support. A dive and a close below this MA will spell bad news for IOTA.
They have a few events coming up this month so I see the possibility of breaking up and out of the wedge higher than diving down.
Happy ttading!