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InvestingScope
Jun 18, 2018 7:29 AM

All targets met. Slow decline continuation. Short. Short

IOTA / DollarBitfinex

Description

The price hit all downside targets (1.6223, 1.5169 & 1.3417) as it continues to trade within the very rigid bands of the 4H Channel Down (RSI = 36.191, Highs/Lows = -0.0144, BBP = -0.0610). The next obvious TP is the 0.9132 1W Support (MACD = 0). Since 1D however is oversold on STOCHRSI = 4.819, STOCH = 10.065 and Williams = -95.801, we expect a slow pace.
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