IOTAUSD should take us lower (minimum 40%) going to complete a Symmetrical Triangle. We broke our longterm RSI support which coincides with the breakout of the triangle.
Weekly 21 EMA was already rejected
IOTABTC should also take us lower, but here we could soon have good RSI wedge support at 0.00004517 where I will look at possibly longing IOTA depending on the...
Now that BTC went bullish, a lot of alts will also see some strong upside potential.
IOTA looks kind of interesting, because it made a giant bullflag since the bearmarket started.
Also, it is now resting shortly below the daily MA200 and the logarithmic downtrend resistance.
It now depends on BTC. If BTC continues to rise to 6500, IOTA will break through the...
IOTUSD / IOTAUSD
Price is narrowing, the volatility subsides before the storm. The question of which way the blow would be would not have taken a decision in the medium term. There is a chance to pass at least 38-50% Fibo on the chart upwards. You also need to consider that we are in a falling trend and the opportunity to go down below 20 cents is very large....
I've been following IOTA and their ever growing team for way too long now. They seem to have stalled out for now.
So there is no "big" news coming from the "company" itself. The only thing that's left is the vague correlation with BTC and other series' of different lags to push price.
And of course whales that jump in and out for no obvious reason other than...
While the price is above the support 0.2045, beginning of uptrend is expected.
We make sure when the resistance at 0.4015 breaks.
If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed...