IOTA is overheated Tear off shorts 1.47 to 1.25 usd Term 1-2 day
IOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average. Stoch RSI is over-bought on the daily chart which also confirms the possible bear run. I expect the price to drop till 1.2148 (fib. 0.618) Here is my trading idea: Short at: 1.31 Take...
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IOTA moving in rising channel now is near support of channel+demand zone RSI oversold waiting for continue rising movement
I would like to offer you my comprehensive view on IOTA: Starting with fundamental analysis: The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Currently it is in Beta, not trading on many exchanges yet...
There was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase. However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore. Hell, I can't even make much sense of those indicators. Maybe there...