Hi, friends. IOTA - one of the of the coins that shows strength. After signs of stopping the trend in the form of fixing and new initiative purchases, the price went up. At the moment the price is in the balance with the range 0.6565-0.8150. If this balance goes up the price will go up to the resistance levels 0.9166 or 0.9750. If this balance goes down the price will fall to the support levels 0.6046 or 0.5414. As long as the price is in the balance, we trade only from it borders. All other information indicates on the price chart.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
Please update. Are we still on course to 0.815? (BTCUSDSHORTS just went up 52%)
mooncatcherpro
⋅
@crypto_admiral, I do not predict the market. I am look at the market phases and analyze current market condition.
I wait for the key points(indicated on charts, then I wait for a reaction of the price on it.
At the moment, the balance goes down. So we have a bear initiative. I am waiting for 0.55 at this moment
Trading2ez
⋅
HEy bro, don`t wanna bother you but external links are not allowed unless in your signature which you get with a premium plan acc. I tell you this because some of my analyses got banned after I`ve posted links in my description. ;-) just to let know. They gonna destroy your hard work for this.