IOTUSD; Breakout? Watch 2.15 and 1.94
A convincing break above 2.25 can trigger a rise toward 2.78 is what I stated in my last comment on this coin.
The close yesterday 1 cent above 2.25 cannot be called convincing while sellers are around against the upper Bollinger line thus far today. Have to keep a close eye on support levels today, starting with 2.15. If bulls can defend there and produce a bounce with another 2.25+ close (some distance) the idea holds up.
Getting value below 2.15 intraday may see a drop toward 1.94, the Bollinger midline. You do not want to see a shooting star today if you are a short-term bull.
So, have to see some defending today at support levels to keep momentum going.
The close yesterday 1 cent above 2.25 cannot be called convincing while sellers are around against the upper Bollinger line thus far today. Have to keep a close eye on support levels today, starting with 2.15. If bulls can defend there and produce a bounce with another 2.25+ close (some distance) the idea holds up.
Getting value below 2.15 intraday may see a drop toward 1.94, the Bollinger midline. You do not want to see a shooting star today if you are a short-term bull.
So, have to see some defending today at support levels to keep momentum going.
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.