Since its launch, IOTA started a bearish trend, however, after finding support at 0.1427 USD trend changed from downtrend to range conditions.
There are mixed signals. In the 3H chart there is a bearish divergence, however, on the daily chart, PVT shows a bullish divergence. With the highest volume since launch. This could mean that if bulls dominate, price could rally from 0.26 to an immediate target of 0.3 and then to 0.5, the mayor resistance zone.
Watch market closely on the next week for trends confirmation.
WNZ
Free updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
There are mixed signals. In the 3H chart there is a bearish divergence, however, on the daily chart, PVT shows a bullish divergence. With the highest volume since launch. This could mean that if bulls dominate, price could rally from 0.26 to an immediate target of 0.3 and then to 0.5, the mayor resistance zone.
Watch market closely on the next week for trends confirmation.
WNZ
Free updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Commentaire:
Price bounced from uptrend
Commentaire:
Market is testing previous resistance level, must watch the next 2 candles for uptrend confirmation.
Trade fermée: cible de profit atteinte:
Target reached, and now crossed a major resistance level. Lets wait for a better moment to enter the market again. This looks like a major reversal sign