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Alteroc
Aug 8, 2018 8:35 PM

IOTA - Weekly Analysis 

IOTA / DollarBitfinex

Description

Hey,

Here is where IOTA is currently sitting.... At crucial support.

All my scenarios on the chart.


All the Best from the Crypto Space
Alteroc

Trade active

Price breached 1st support and heading to the 2nd
Comments
an7a
Hey man , can you give me advise.What would you do now buy or sell ?
Alteroc
@an7a, I'm no financial advisor. IMO I would say that BTC is trying to rebound so no time to sell.
Some alts are at good supports like shown on my ideas. It all depends to your risk level and timeframe ;)
InvestingScope
The 1D Channel Down calls first for 0.3199 or even 0.1459 before the possibility to rebound but even then it will be within the tight limitations (Lower High) of the Channel Down. The bottom on the long term isn't priced yet. This is our short term bearish outlook:

Alteroc
@InvestingScope, Highly depends on BTC, both scenarios are plausible
Shakalaka-BTC
Why don't you paint a few more arrow to 3$ and more? )
Alteroc
@shakalaka_boom, Because we will retrace/correct to those levels highlighted on the chart before rocketing to level such as $3 and that would be another future trade setup :)
I tend to add tangible targets
xpr91898
IOTA Foundation is fighting internally, partnerships getting cancelled, all the technical issues as funds being on transfer for weeks stuck in network or even simply disappear from wallet on their own... this coin will never recover.
Alteroc
@xpr91898, We will see :)
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