IOTA Buy Opportunity

If the price bounces from the support zone formed by 0.50000 and 0.47000 levels, we'll get a buy opportunity. RSI is going to confirm price reversal and do it near the oversold zone. MACD histogram also reverses and it will support the upward movement. DMI indicator tells us that bears are strong, and it's better to wait when I ADX line reverses and starts falling. Also the downtrend line is a barrier for possible upward movement. That's why we should wait when the price breaks it and moves upward. We can place pending orders for buy at 0.55000 level and stop orders below the swing low at 0.48000 level. Profit targets are 0.65000 and 0.80000 levels. If the price drops below the support zone, we should delete buy orders and wait for new trading opportunities.