IOTA is descending accurately along the downtrend line!
I expect it to go all the way down to the 37 support level.
If if it concludes there and shows concrete signs of upward movement, I will buy in big there as I expect this major coin and great project behind to hit all time highs in the coming month, which would then mean nearly +200%.
If even the 37 support breaks I will try to catch the lowest point, don´t think it will go lower though.
To conclude:
Buy: 37
Sell: 64 Target 1, 80 Target 2, 98 Target, 109 All time high
Stop loss: moderately following the trend.
If the current downtrend line clearly breaks (+3%) I will check the current new signals.
I expect it to go all the way down to the 37 support level.
If if it concludes there and shows concrete signs of upward movement, I will buy in big there as I expect this major coin and great project behind to hit all time highs in the coming month, which would then mean nearly +200%.
If even the 37 support breaks I will try to catch the lowest point, don´t think it will go lower though.
To conclude:
Buy: 37
Sell: 64 Target 1, 80 Target 2, 98 Target, 109 All time high
Stop loss: moderately following the trend.
If the current downtrend line clearly breaks (+3%) I will check the current new signals.
Commentaire:
IOTA went as far as 38, but is still fragile and on low volumes and far beyond the downtrend line, I expect it to retest the the lower support or at least go half way and would wait with new long trades and wait for clearer signs of reversal
Commentaire:
As I predicted the coin fell half way and is currently stable on 41.1, perfect time for slow buying even of bigger volumes, I am pretty sure that it is now at least a good short term trade realistically aiming for 45 cents with tomorrows price action that will surely evolve and can make you great 8-9% or more, I got in now with the rest of my position