BITFINEX:IOTUSD really failed to capture any of the bullish momentum of the last week. It was a definite underperformer among the highest volume cryptocurrencies. This morning triggered a signal that the volatility has slowly decreased into a wedge with a potential bearish breakout setup. Because this was the lagger of the recent momentum I'd say this is one...
Trending analysis about iota forecast
Do you thing that we are going to break the resistance,or we will have another break down??
Don’t forget the market is depending on BTC prices as always,so do not confused if IOTA community,publish any news and we witness a price jump.
Comment below what do you thing.🙏🙏
Here is a simple and quicly analyses for IOTA/BTC witch seems to be broken the short term resistance line after reversion on important support level.
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On December 3rd 2019 I posted an article and on that post I revealed that the priceline of Iota had formed a big bullish butterfly pattern on weekly char. At that time the price action was just entered in the potential reversal zone of that pattern. And as per Fibonacci sequence of bullish butterfly it was expected that the priceline will take the bullish...
This is an update of our analyses on IOTA/BTC, we see the green box as a buying area, now the price just reverted on important support level and is showing us a bullish momentum, our objective is the next important Resistance.
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