sumeet007

Technical Analysis on IOTA (IOTABTC)

Long
BITFINEX:IOTBTC   IOTA / Bitcoin
IOTA is on major support and is likely to go up

1)The first major long term support of IOTA is 0.00018849 BTC level at which it is trading now.
2)The second major support of IOTA is the long term uptrend line which is shown in sky blue.
3)The third support for IOTA is the 61.8 Fib. Retracement level.
4) Stochastic also indicates it is in oversold level.
5)The immediate target is the 50% Fib Retracement level and then 38.2% Fib. Retracement level.
6)If the support breaks, the next immediate support is the 78.6 Fib. Retracement level and then the 0.00012787 BTC level.
Comment: There can be a long opportunity here as it is taking support at 78.6% FIb Retracement Level

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter