Looking to trend down along the Gann line of 2/1
Looks bearish on this small time frame but on a larger time frame this can be observed from both angles as very bullish
I was long once on IOTA, F
Can someone let me know if im doing this fibonacci thing right? I've been doing it for a little now
That sorry coin is dying slowly, it dropped below its longterm support, climbed over it to drop below it again and was rejected on the retest. In technical terms this is a perfect short entry. And while other Alts achieved higher highs in this mini Alts season, IOTA only mustered a lower high. This week it is flirting with the ichi cloud most probably to be...
Iota has been quite a resilient coin, but the interest in it has been consistently dying off.
It had a big PUMP just recently as it's an older coin (from 2017) and has quite some market cap, but it really doesn't have the volume nor the interest to keep this up.
I'm expecting a big correction from this high, but I'm still using a tight stop loss. Maybe we will...
Chart shows the possibility of the Inverted Head and Shoulders pattern and it's target.
The target of a successful pattern - 0.2869$- 14% Increase
Anyway if the pattern fails then $ 0.22 is the price which should be crucial for the next moves.
BTC.D free fall and bounce of the ichi cloud helping IOTA live longer, but it is running on fumes. Racking up multiple bearish divergences on the 4H and Daily and testing multiple resistance while volume dropping. Retesting the bear flag that it broke out of in June. Another chance to unload if you got caught in this.