After spiking to $5.50 USD, IOTA dropped down to $3.50 USD.
This week we might see a recovery after sell orders have been exhausted noted by the declining sell order volumes in the MACD indicator. IOTA needs to break the $3.90 to $4.20 USD to break out of the downtrend and make a recovery,
It is a good time to buy for those who missed out on that last spike.
Cool, thx! I love The Tangle tech :) it is a hard sell off for such a good tech, but comming from a ATH of 1.1usd we are doing still good, i am Long and Holding..
webmonkey
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MACD doesn’t show sell volumes. It shows the difference between two moving averages, then another moving average of that and then a histogram of the difference between those. You need to add Volume to your chart to see volume.
GoodyErick
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@webmonkey, If you add an oscillator or OBV to the chart, you will reach the same conclusion, I don't want to publish all my scripts which I wrote my self, so info is missing as they show some data that is rather sensitive.
GoodyErick
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@webmonkey, those who can see can see, those who can't will never see.
UnknownUnicorn1770165
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funny, tell me more
GoodyErick
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@cemizm, we'll see won't we. unless you got something to back up your words, Id like to see it.
GoodyErick
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@cemizm, It's funny that is coming from someone who has 0 ideas published, zero views, zero followers, zero reputation - now THAT''S FUNNY.
UnknownUnicorn1770165
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@GoodyErick, you are right, we will see won't we....