Has been a strong correction for all cryptos ! Looks like a double bottom though I think Iota will not likely go up if bitcoin continues going down ! *Trade at your own risk ! This is not financial advice !
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been very volatile ,and this trade is very risky at this point !
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1.21 Resistance needs to be broken !
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1.18 support needs to be held !
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looking good !
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Small flat top triangle forming Bull flag !
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strong resistance at around 1.30 , if we get there and brake it , its looking very good !
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Now at 1.29ish its going to get critical ! either you sell there , or you speculate ! and see if it can break the trendline !
I bought 1.21 what would you do in my place? without commitment. I understand that it is his interpretation and that he does not have a magic ball! Hahaha!! But I am sure about something. He has experience that I do not have.
that's why I'd like to hear you.
Thank you!!
Sofsayen
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@jbproducciones, Its hard to say ! The market overall is undergoing a big correction !
Watch BTC aswell. As it is a very important player now for alts like IOTA
Its not looking too good as we broke below 1.18 and next srong support is around 1.10 !
It is hard to say what you should do ! and its your decision .
I wish you good luck and i hope you make profits !
Sofsayen
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@jbproducciones,before you sell wait it might bounce from 1.15 ! but its unlikely !
jbproducciones
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hello, very good your graph, secondly it will arrive 1.21 and it will come down again ??
Sofsayen
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@jbproducciones, I think we need to stay above 1.18 ! and on top of that we need btc to either go up or move sideways ! To see a continuation of the overall bullish chart !
JCBCrypto
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How do you expect alt's to react during BTC correction?
Sofsayen
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@TheCryptoLabs, I dont know if the correction is over yet ! Anyway i think alts will follow btc in the next days ! Thats how it is after a crash or strong cortection like the one we have had !