IOTA is showing bullish divergence on the RSI/CMF/MACD.

IOTA/BTC is showing bullish divergence on the 4-hour RSI, CMF, and MACD as highlighted by the orange lines. We also got a bullish cross-over on the 4-hour MACD as well a short while ago. IOTA found support on a previous support zone that we saw it hold back in August around 7450-7500. On one of my fib charts, it is holding the .382 around 7660 pretty well so far. Risk/Reward is pretty good for this one so long as Bitcoin can remain steady.

Higher risk entry (at the .382 fib line on one of my charts): 7650-7710.
Safer entry: 7500-7600.

Target 1: 8200 (.786)
Target 2: 8900 (.618)
Target 3: 9350 (.5)

Targets were charted on fib retracement levels.

--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.

Commentaire:

Fib retracement levels:

Bullish divergences:

Commentaire:

Fib retracement level I'm in reference to for the higher risk entry:

Commentaire:

Appears we are finding a bit of resistance at the 50 EMA on the 4-hour, it acted as resistance on our last move up as well as shown by the 2 circles:

Commentaire:

Apologizes, forgot to include a stop loss in my original post.
SL: 7000-7300 (depending on risk level.)