We got a LONG signal on IOTETH from SwingBot, but note this is a risky trade
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Iota is a very reactive coin. Lazy periods and sudden volatility.
There are particular formation in the ETH and BTC pair that suggest me a buy.
Against Ethereum we are reaching an extremely reactive support. The minumum increase against ethereum was 35% in september 2017.
Against BTC we are entering the level that supported the incredible run of end 2017....
Iota looks very strong vs.USD (Left), and is at a big support level vs.ETH (Right). This is the weekly timeframe for both charts, and crypto can hold up this bullish momentum, then IOTA could start to look like a potential out-performer. Looking at it on the LOG scale, we can see a very nice descending channel structure, and flirting with a break out above the...
On the 4h Chart we see a Doji Star pattern which indicates a trend reversal.
MACD histogram is about to flip to the positive side and the MAs are going to cross.
RSI just rised from the oversold zone and continues going up.
DMI+ is going to cross DMI-
The strong volume at the Doji Star candle supports this trend reversal.
Additionally the Doji Star formed at...