IOTBTC has finally reached an oversold RSI on the 4h chart. The correction is 58% so far, a pretty good one.
In addition, IOTETH looks like it's established a small base, with a MACD crossover and an inverse H&S if you're generous. Could the selling be exhausted? Hard to tell, the whole crypto space is quiet all day.
It's also about to recover $4, an important psychological level. Not to mention, the overall bullishness and trending news cycle has not stopped. It could enjoy a Christmas rally as people spread the word.
Stop would be below the base in IOTETH, or below the broken trendline on IOTBTC. Placing 50% of my crypto here, for now,
In addition, IOTETH looks like it's established a small base, with a MACD crossover and an inverse H&S if you're generous. Could the selling be exhausted? Hard to tell, the whole crypto space is quiet all day.
It's also about to recover $4, an important psychological level. Not to mention, the overall bullishness and trending news cycle has not stopped. It could enjoy a Christmas rally as people spread the word.
Stop would be below the base in IOTETH, or below the broken trendline on IOTBTC. Placing 50% of my crypto here, for now,
Trade closed manually:
Sold for a loss at .0018159.
I should have used a stop limit order, would have saved some losses. Lesson learned.
IOTA is just weak. Likely it will take a full trip down to ~62% correction, like it did last time, or about $2.
I should have used a stop limit order, would have saved some losses. Lesson learned.
IOTA is just weak. Likely it will take a full trip down to ~62% correction, like it did last time, or about $2.