Looking at the daily we can see it is continually dropping. The past 2 days it has stabilized. We are testing low levels not seen since early December and March 17. It was at both of the times that IOTA went on a bull run. We are also approaching what happens to be 134 day cycles. It will be interesting to see what happens from here, I personally am Bull.
Note
Just a quick update. We have broken the 14100 support levels and at the lowest since Dec 2 low. Hit low of .91c and a high of .9845Note
Potential candle reversal and RSI bounce.Note
IOTA is still not picking up enough volume to drive this past the $1.10 range. A nice bounce from the last low but we could not break the prior support line. Further decline into the low $0.90 range.Note
Sorry, wrong chart. Here is the IOTA 4H chart quick look. We are still not ready to take off yet. All indicators are bearish. We have resistance now at 13100 and support approaching 12100.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.