Qubic
IOTA will be shorted soon! They will sell the news.- As you can see IOTA is about to complete a rising wedge. It hit a standart 1:1 3rd wave and about to hit 1:1.618 5th wave, being the top of the resistance line.
- I can guarantee that they will sell the news (see: kryptocal.com)
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- BTC: 1HGdrfsRckVe8hPTfk23EHnYxtCkNu4oXV
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A good and strong bullish trend for IOTAFirst a little of fundamental analysis. IOTA is maybe one of the most disruptives cryptocurrencies in the ecosystem. His characteristics are knowed, in the last months a word, for be more expecifically, a single letter was the thing most hyped and talked in IOTA discord, reddit and slack. Im talking about Q.
Recently the IOTA fundation finally revealed what Q is, now we can call it with a word Qubic.
I can resume Qubic like a second layer in the tangle that allow smart contracts, oracles, and more. This is the fundamental analysis
Now a very rookie and simple technical analysis. I start with MACD that show me a little bearish signal, but William %R also show me the possible duration of this.
The start of the bullish trend channel and his possibles floors builds my bottom line of the channel and a possible point to reverse of the small bearish signal, then a possible point that is near to psicologycal target and the upper line of the channel, that enforce the possible next target in 3 USD.
