IOTUSD recently mooned. Nothing convincing here tho.
Few hints : - RSI really overbought, but meh this is crypto... - STOCHRSI over extend - 0.629 level unbroken yet - No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors : - Solid break of 0.63USD then 0.67USD - Volume increase + breakout of downtrend line - Longs moons :
This is just an idea, you are responsible of your actions. If you don't agree, please provide technical arguments, and don't cry like stupid fanboys NOT TRADING ADVICE
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Ok let the shaggfest commence :
Daily StochRSI is overextended, I guess that small move up was just IOTA taking a breath before deep diving again.
Look for opportunity to short BTC and alts when BTC is around 7600$.
Short ALTs cautiously when Bitcoin is rising.