Ioata
Crypto Market Update : Some interesting areas to come next weekHope this idea will inspire some of you !
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IOT/BTC INTENTION TO GROW SOON!1. Fibonacci level is between 0.318 en 0.618. Strong BUY
2. A good resistance level is seen. Breaking this level means a rise!
3. RSI level is quite low.
I recommend to buy around 0.00035, to confirm the bull.
IOTA switch from short to long!We had a great run with our Iota short idea () but now it is time to switch to longs.
A supportline (green) which started mid july has pushed Iota out of the downward channel (green oval).. to add to its merit a same supportline is present within the RSI-indicator.
There is a little danger of a shoulder-head-shoulder forming (red curves). But the right shoulder isn't there yet, also shoulders are quite small relative too the head, so even if the right shoulder forms (which happens if the mid-july supportline gets touched in the coming days) it is questionable if it results in a drop below the supportline.
Expect Iota to charge horizontal resistance at 0.00016 and if succeful 0.00019 / 20 area will be targeted.
