MIOTA vs Bitcoin Chart Analysis (IOTABTC #6)
MOITA (IOTABTC) is giving out an air of recovery but somehow I am not fully convinced.
We see prices moving above EMA10 and the recent MACD bullish cross but when we look closer, we have a lower low compared to the recent July and August support.
We also have a descending channel rather than a falling wedge.
It will surely recover, we are bullish long-term but there is room for additional correction, keep this in mind before you trade.
Bullish above 0.00002285 in the short-term.
Any trading below this level and we aim for the 0.786 Fib. retracement level support.
This is not financial advice.
All the information is shared for learning/entertainment purposes only.
Thank you for reading.
Namaste.
We see prices moving above EMA10 and the recent MACD bullish cross but when we look closer, we have a lower low compared to the recent July and August support.
We also have a descending channel rather than a falling wedge.
It will surely recover, we are bullish long-term but there is room for additional correction, keep this in mind before you trade.
Bullish above 0.00002285 in the short-term.
Any trading below this level and we aim for the 0.786 Fib. retracement level support.
This is not financial advice.
All the information is shared for learning/entertainment purposes only.
Thank you for reading.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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