QubitLife

IOTAUSDT: Possible Long (09.11.2020)

Long
BINANCE:IOTAUSDT.P   IOTA / TetherUS PERPETUAL CONTRACT
On D1, the RSI reached the oversold level, after which the price formed an initial upward impulse.
On H1, the RSI also reached the oversold level, indicating the end of the local correction for the first upside impulse. Also, the price found support at the Fibonacci level of 38.2% (mirror level of 61.8%).

We recommend buying IOTA in order to hold the position above $ 0.35.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.