IOTA has reached fib retracement (short term) at 68% at 0.47$.
But it is still in a negative trend channel (red).
To set a positive signe it had to leave the channel with positive momentum.
Next big sign would be to break through resistance at 0.54$, which is fib retracement (short term) 38% and also fib retracement (long term).
But it is still in a negative trend channel (red).
To set a positive signe it had to leave the channel with positive momentum.
Next big sign would be to break through resistance at 0.54$, which is fib retracement (short term) 38% and also fib retracement (long term).
Next support at fib 36% (0.36$).
As MACD is also negative and volume is dropping I do not expect that the price is regaining the fib level at 78% (0.42$) in short time.
Good occasion to accumulate IOTA - but only in the long run.