quantguy

IOTA Lags After Prolific Breakout

Long
BITFINEX:IOTUSD   IOTA
IOTA has consolidated around the psychological $4 level, as it clarified news about a partnership with Microsoft yesterday. While some retracement was likely, we will see how much investors weigh the relationship with Microsoft as IOTA either breaks out from this dragon head pattern or retraces further. The next level of support is a Fibonacci level of $3.25.

If you enjoy this commentary, please consider subscribing to our newsletter!

Join my discord at discord.io/quantguy

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.