QubitTech
Long

IOTA: Analysis using Ichimoku 13/06/2020

BITFINEX:IOTUSD   IOTA / U.S. Dollar
H4
The price is below the Ichimoku cloud , indicating a downward trend. The price also tested the Fibonacci level of 50% and the lower border of the rising channel .
RSI has reached oversold levels.
Conclusion:
We believe that it is worth buying at the market price now. Price declines are likely was false.

H1
Price is trading below the Ichimoku cloud . RSI located near oversold level, indicating sellers are weak.
Also, a divergence has formed between the RSI and the IOTA price and downtrend line has been overcome.
Conclusion:
We recommend buying IOTA now because most indicators indicate the end of the price decline.

Good luck!

Comments

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