This seems to be a good point to pay attention, close to a move or sideways invalidation. If it handles well 0.06, there might be another wave to catch. Given the amplitude of the last one, it doesn't help, but it's worth to keep an eye.
AZERO is on the baseline of it's sideways movement, it's a good place to accumulate if you like the project. It has been a good buy under .85 It's a good project and have good github activity being pushed. It will be a nice ride on the next bull run, so accumulate on discounts.
Around 20K is the buying range. The problem is we are on the verge of a global recession and crypto markets have not yet experienced such, so uncertainty is high. Crypto markets are following the traditional markets for now, but the aversion for risk leading to the current outflow might be overcome by the distrust in the current monetary system during a recession.
Fundamentally the project is going great, releasing a lot of new features and running Shimmer as expected to release it as IOTA 2.0. So it's discounted by the market cycles. Like on January, we have gone under the "normal" BTC correlation, so a shot up in this correlation giving the fundamentals is a quite attracting possibility. 0.00002 is the first target,...
I don't like to bet against BTC, but I like to look for better buy opportunities and the current formation could lead to it. Will we have another buy opportunity at base levels of ~13K or market is trapping bears for another push for a bull market? 30K is where we need to watch carefully.
Yellow support holding. A new bull run might happen this year.
Breaking the yellow line could lead to a rocket jump. Keep an eye on volume tho, its pretty weak for now.
Riding the uptrend. Bottom line of the channel is now 10K
Pennant formation (purple) might lead us to the next resistance. It's not clear if the crash has ended, but I really think we will see some good action this year. Why do I think the uptrend is coming back this year? Take a look at the volumes cryptos are trading right now...
Take a look at the volume being traded for cryptos, it's exponential growing. We might see some good action this year. When price start to move, it might also be exponential.
We might start a slow reversion in the next month until the end of the year.
This is a very simple one, but IOTA seems to have found support around 50c. It has a slight increase in the volume, and a visible buy in every 50c touch. It might be the beginning of the reversal... but first we might see some sideways.
Now it is a interesting point to think about to get in the roller coaster. The fall is loosing strength. It might test the previous lower top. If the next low after this top test that is coming reveals to be higher, it will indicates a reversal. Another interesting point will be the next low, after we test the top. It might even be safer to enter there. Anyway,...