Description
⋅ Iota/USD is currently trading neutral within a bearish undertone.
Looking at the price action Iota finding support at the 61.8 fibonacci retracement.
A break of that level will lead to a further decline to 1.35, a possible spike can reach 0.90 level
A close above the EMA50 will warn of a retest of the downtrend resistance line with a possible breakout.