qedbeech

IOTA micro view

qedbeech Updated   
BITFINEX:IOTUSD   IOTA
Looking at the shorter term we might see a reversal. I am looking to see if we break the key resistance. if we break it we may reverse at the next resistance level.

Just look out for reversal signals at these key price points.

This is not an investment advice but just use as a reference.

Personally I think we are starting wave iii of 1 of (3) which would mean we are in for a long ride UP.
Comment:

Longer time frame view here
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Looks like iota chose the down scenario - bearish RSI divergence was right.
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Almost hit 0.5 fibo might turn around an go bull but who knows - watch price action at key levels
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Time to break key resistance and moon. lets see if it does it
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Testing key resistance 3 times alrdy failed twice haha.

im still waiting for it to break. if it doesnt it will retrace.
Trade closed: target reached:
Minimum target hit - waiting for a small retrace here... will update my analysis later
Comment:
hit resistance at 87-88 area sold my iota here. will get back in during the retrace
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