clydeuscope

IOTUSD

clydeuscope Updated   
BITFINEX:IOTUSD   IOTA
IOTA seems to go down a little in order for it to reach higher highs.

See the chart for the levels to watch
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LOL. someone tried to pump hard but failed to raise the prices.

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MACD is still bearish. Averages are also pointing down.

Let's see how the price action goes in the coming hours

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On a higher time frame, seems like IOTA is creating a higher low.

Demand zone is above .266. This is where whales might restock their positions to prepare for a move up. For now, keep looking at the volume if it's accumulating.

If it goes below the demand zone, then expect to see prices near 0.257

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If it bottoms above 0.266, then we're seeing a double bottom setup here.

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someone or a group dumped and triggered bots and people to sell.

you can buy cheap now

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Looks like reversal point 3 is the bottom. It could still go lower if people still sell their IOTA to buy BTC

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Currently in a tug of war between sellers and buyers with the sellers having more leverage

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In a falling wedge. And on or after Aug 1, a buying surge could increase the prices

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End of falling wedge?

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a triangle within a triangle
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