As almost 90% of alts, IOTA looks pretty weak at the moment, main range broken down (blue line), with 2 clear bearish channels. Main objetive based in fibonacci projection is at 1160 sats, not gonna touch it until we reach there or we see some bullish price action
Major bounce from the mid-term support trend line lead the price action to the descending triangle pattern. Technical analysis is neutral at the longer frames. Such situation is favorable due to BTC fluctuations.
The positions is good for 1-7 days duration. At the short-term timeframe bullish flag is formed with a great breakout potential. The price is going to...
IOTA looking set to reclaim losses from mid-late May. Like most altcoins recently it been tough but it looks like the tide is going to turn soon.
Keep in mind a tight stop loss and news that makes Bitcoin Pump.
Ideally, we are waiting for Bitcoin Dominance to return to lower levels which would indicate a safer entry into altcoins.
The 4Hrs chart shows a broadening formation along with positive divergence in Rsi sitting above 50%.
If Bitcoin stables around 9900 -10000 can easily see a positive movement in IOTA.
It is a midterm coin, do your research before investing.
The target can be adjusted around 5%-10%
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With Verge its good to be in play before a bull run because of the growth trajectory it tends to follow. Now ~80 on Coinmarketcap its worth remembering that it wasn't long ago that this was a top 15 coin trading at 30X 3000% to its current price point. Its traded on the big exchanges and is currently sitting on its Point of Control POC: price point with the...