IoTeX (IOTX) Prints Strong Consolidation
IoTex (IOTXBTC) is looking good.
After the recent bullish breakout, which took place in late May, we have a retrace with no strength.
No strength on the retrace is good for the bulls.
We are having strong consolidation and prices trading above EMA10 and all the major EMAs that are shown on this chart... What this means is that IOTXBTC can easily move up.
The RSI is ultra-strong and the MACD is showing a bullish cross... IOTXCBTC can easily resume its uptrend and continue to grow.
Conditions for change
If prices move below MA200 (0.00000044), this analysis is invalidated and a new one is needed.
Thanks a lot for your support.
Namaste.
After the recent bullish breakout, which took place in late May, we have a retrace with no strength.
No strength on the retrace is good for the bulls.
We are having strong consolidation and prices trading above EMA10 and all the major EMAs that are shown on this chart... What this means is that IOTXBTC can easily move up.
The RSI is ultra-strong and the MACD is showing a bullish cross... IOTXCBTC can easily resume its uptrend and continue to grow.
Conditions for change
If prices move below MA200 (0.00000044), this analysis is invalidated and a new one is needed.
Thanks a lot for your support.
Namaste.
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