TheFoil

IOTA/USD might not break resistance

BITFINEX:IOTUSD   IOTA / U.S. Dollar
Dear Tradingview users,
First of all I want to wish all of you all the best for 2018, may it be a very profitable year !

First analysis of the year about IOTA/USD,
As the prize is approaching the 4.35, we look closer to the reason that push the price back on 27/12/2017 which was a low volume . This time the volume is much higher than last time but still lower as in 19/12/2017.
Moreover the volume seems to getting lower in the hours passing. Which lead to the conclusion that the volume still isn't enough to break the 4.35 level. The trend might be following the bearish trend .

As the price just get under 4 again, the price need a very important buy side to get over that resistance.

Analysis done by The Foil
01.01.2018 23:29

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Approaching resistance, we will see....
Reply
Infelizmente parece que vai acontecer isto mesmo.
+1 Reply
TheFoil pablo_hp
@pablo_hp, Looking at the data it is unlikely (for now...), but cannot foresee the future, so maybe you're right !
Reply
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