Iota seems to be stabilizing and we can see a few different directions at this point. If you notice the RSI has leveled out and is not overbought nor oversold but rather stable in the middle. It's safe to say that we will continue steady in the direction of (2). Although there may be a change in direction at the end of the triangle (1) and we could start to see a reversal or we could fall to the last support level of (3). I don't think we will fall in (4). It seems though in USD the steady price is around 3.70 to 4.00. Pay attention today as we are likely to see some noticeable IOTA chart directions.
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its in channel (3) support -- lets pray it stay above this and works its way up!
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ugly ugly- in (4) fighting to recover back to (3) support. be very cautious as a day trader. holders you have nothing to worry about. it will rise again.
Very accurate analysis my friend. Thanks for your research and sharing your knowledge. Looks like we are in your Zone (3) right now and fighting to stay in it. There are a professional traders placing "Sell Walls" (which means they are placing constant 3-4 consecutive large sell orders back-to-back (a wall)) to pressure the IOTA price lower.
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@gunboat, ya - hopefully we can stabilize and gain support in (3) and move up to (2) - it looks like we may start to see a reversal trend back up (hopefully!!)