IOTAUSD trade ideas
Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.2975
TP2= @ 0.3680
TP3= @ 0.5537
SL= Break below S2
Don't miss the great buy opportunity in IOTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.2975
TP2= @ 0.3680
TP3= @ 0.5537
SL= Break below S2
IOTA on life supportCan't breath on it's own, put on a fed bailout respirator,regardless the patient's prognosis is dire: Bear flagging into major support now turned resistance and accumulating bearish divergences. Classic stairway up elevator down. By January 2021, IOTA will be delisted.
I have extremely neutral view on iota and don't hold any position, I just read what the chart is telling me and this is one of the worst Alts chart.
IOTUSD Scenarios...IOTUSD Scenarios... We broke the rising wedge to the upside and retestet a few times. SCENARIO 1: We break the resistance @~0.21$. SCENARIO 2: We fall back into the rising wedge and go down to ~0.19$ SCENARIO 3: We fall back into the rising wedge, go down to 0.2$ and bounce up, back to 0.21$.