IOTA could be potentially ready for a REVERSALIOTA had been sold for a while now. If you look at the daily chart, from february 25th 2018 we had the first attempt to break the the descending trendline (in yellow).
It seems like IOTA had found support at around 0.00014000.
In the short term, like shown in the chart, if it breaks above 0.00014400 it will go through the resistence line (white dot line) at 0.00015600.
Notice that Volume from the 1st attempt are going down, so this could be an accumulation fase. MACD in the 4H chart is at a good point beacause of the divergence in the past weeks (violet arrows) and the Stochastic RSI is fully oversold. The only negative thing here is that we are below the Ichimoku Cloud
This is not financial advice but could be an interesting spot to enter a little long position, obviously waiting for a confirmation signal.
Putting a stop-loss is a great strategy and I repeat always look for a confirmation.
