Bull scenario for IOTA
This seems currently like a high probability scenario for IOT/USD.
IOT/USD seems to have formed a support at the circled area.
If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow.
If BTC/USD gets a few good green candles this scenario will happen most certainly.
If the market starts this fresh week and month green, explosive up-moves will ensue in most of the coins.
After the up-move another pattern will form which will decide if IOTA goes for a longer bull run like the one we saw at the end of 2017. I will post a more zoomed out analysis of IOTA later
where I'll go more into detail about the possibility for a bull run.
Remember that this is just one possible short term scenario and IOTA might fail this pattern, especially if Bitcoin gets big red candles.
Enjoy.
I invite you to join my newly founded, friendly group that has an emphasis on a neutral outlook of the markets, where educational crypto content and LIVE signals will be posted soon !
t.me/joinchat/Bu0cshGb15e0IOEVctoMOQ Welcome !
IOT/USD seems to have formed a support at the circled area.
If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow.
If BTC/USD gets a few good green candles this scenario will happen most certainly.
If the market starts this fresh week and month green, explosive up-moves will ensue in most of the coins.
After the up-move another pattern will form which will decide if IOTA goes for a longer bull run like the one we saw at the end of 2017. I will post a more zoomed out analysis of IOTA later
where I'll go more into detail about the possibility for a bull run.
Remember that this is just one possible short term scenario and IOTA might fail this pattern, especially if Bitcoin gets big red candles.
Enjoy.
I invite you to join my newly founded, friendly group that has an emphasis on a neutral outlook of the markets, where educational crypto content and LIVE signals will be posted soon !
t.me/joinchat/Bu0cshGb15e0IOEVctoMOQ Welcome !
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.