Hey all,
So what are we seeing here?...
Bearish view: In my view we're seeing IOTA form a descending channel.
Bullish view: IOTA has more steam and will break the channel by the top.
Blockchain_Rekt view? Bearish for the next 2-3 weeks... I am expecting a pulback. I am using two main indicators here:
1) RSI in the oversold zone, looks liked it peaked in the 70 zone.
2) 200 days EMA has been a major resistance or support in the past for IOTA, we are way above it.
In my view the next two weeks we're going to see some level of correction for BTC unfortunately, I am expecting some or most alts to follow. IOTA usually reacts stronger than BTC to the correction phases.
This is not financial advice, trade wisely.
So what are we seeing here?...
Bearish view: In my view we're seeing IOTA form a descending channel.
Bullish view: IOTA has more steam and will break the channel by the top.
Blockchain_Rekt view? Bearish for the next 2-3 weeks... I am expecting a pulback. I am using two main indicators here:
1) RSI in the oversold zone, looks liked it peaked in the 70 zone.
2) 200 days EMA has been a major resistance or support in the past for IOTA, we are way above it.
In my view the next two weeks we're going to see some level of correction for BTC unfortunately, I am expecting some or most alts to follow. IOTA usually reacts stronger than BTC to the correction phases.
This is not financial advice, trade wisely.