"Predicting" the price action of crytocurrencies is difficult to do in this young market. One of the techniques I have mastered is plotting my zones on where the price is going to go. Increasing my probablities of making profitable investments in the market. Also a piece of advice I would like to share is "to invest in cryptos that have long term sustainability" This allows you as the investor to illustrate equanimity, a calmness and stillness within your mind. Which is extremely important when investing. Non the less.... My IOTA technical analysis
was drawn mid January, as you can see my two levels of strong support down below ( Red Rectangles) Were drawn using my fib retracement tool with my custom dimensions. The first level of support got hit down to the tee! I Am still bearish
on iota, it will come down some more before a reversal. I can confidentally say this because of the downside divegence that is still occuring (This is using the MACD
indicator.) The price will hit under a dollar before making its way for a massive surge to the upside. The IOTA foundation also has a lot of massive annoucements coming up within 2018.
NEW HIGH TARGET: 7$