IOTA was Overbought twice in a short period of time. There will be heavy volatility in the near future, and market consolidation is to be expected.
Given the current trends, I personally believe that shorting IOTA would be the best choice here. The price is nowhere near a 1/1 retracement, and is showing little signs of a reversal into a bullish trend in the (very) near future.
Also, with all the other coins I took a look at, it looks like a correction is imminent across the board. Be cautious!
I'll take a look back soon to help confirm/deconfirm what is being shown right now, but it's not looking too good.
Given the current trends, I personally believe that shorting IOTA would be the best choice here. The price is nowhere near a 1/1 retracement, and is showing little signs of a reversal into a bullish trend in the (very) near future.
Also, with all the other coins I took a look at, it looks like a correction is imminent across the board. Be cautious!
I'll take a look back soon to help confirm/deconfirm what is being shown right now, but it's not looking too good.
Trade closed: target reached:
LETS GOOOOOOOOOOOOOOOOO!
Closed position.
Closed position.
Comment:
We broke the triangle resistance line! Turning bullish?