Iota, one of the most hyped coins in europe.
The Trend does not show any sign of strength.
THIS does not mean that it will not bounce in future but we have no technical momentum form where we can define our risk and ride a momentum wave.
To trade sth like iota means to pay with big opportunity costs because u miss out on bigger opportunity (other altcoins)
all we can do here is defining the pivotal Support/ressitance level. as soon es price reclaims the range low with confluence of diagonal break we could see a long opportunity to range high at least.
The Trend does not show any sign of strength.
THIS does not mean that it will not bounce in future but we have no technical momentum form where we can define our risk and ride a momentum wave.
To trade sth like iota means to pay with big opportunity costs because u miss out on bigger opportunity (other altcoins)
all we can do here is defining the pivotal Support/ressitance level. as soon es price reclaims the range low with confluence of diagonal break we could see a long opportunity to range high at least.