IOTX looking BEARISH
1. MACD histogram showing the bearish divergence.
2.Also the the candle are touching the weekly resistance level. They are going to retrace from there and going to test the daily support at 69. and it breaks 69 we may test 58 daily zone.
3.IOTX has to find a strong support in order to continue the upward trend.
4. Candles have reached the upper layer of Bollinger band, it also indicates the bearish or retracement from here.
5. Volume has also been exhausted which is an indication for bearish movement.
2.Also the the candle are touching the weekly resistance level. They are going to retrace from there and going to test the daily support at 69. and it breaks 69 we may test 58 daily zone.
3.IOTX has to find a strong support in order to continue the upward trend.
4. Candles have reached the upper layer of Bollinger band, it also indicates the bearish or retracement from here.
5. Volume has also been exhausted which is an indication for bearish movement.
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