In the previous IOTA review, we wrote about a large range of IOTA rate: $ 1.1 - $ 2.2
The upper boundary was tested and not passed. A new growth attempt from $ 1.5 couldn’t even reach the $ 2.2 mark.
And now the rate on an increased volume went down out of the triangular consolidation.
It seems that the movement to support level at $ 1.1 begins. Moreover, MA cross is on sale on the daily charts and is already close to indicating sale on the weekly ones.
In case the $ 1.1 support does not stand, the next reduction target is seen at $ 0.67.
Profitable deals and follow our reviews!
The upper boundary was tested and not passed. A new growth attempt from $ 1.5 couldn’t even reach the $ 2.2 mark.
And now the rate on an increased volume went down out of the triangular consolidation.
It seems that the movement to support level at $ 1.1 begins. Moreover, MA cross is on sale on the daily charts and is already close to indicating sale on the weekly ones.
In case the $ 1.1 support does not stand, the next reduction target is seen at $ 0.67.
Profitable deals and follow our reviews!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.