Koci_cz

IOTA going down with BTC?

Short
Koci_cz Updated   
BITFINEX:IOTUSD   IOTA
Now we can see that IOTA just fighting on 200EMA... If the price will go below the 200 EMA we can see support right under the EMA on 1.5$ region.
I personally believe, that BTC will go lower and take Alts with him. So We can see IOTA around 1.3 - 1.1 where are strong supports.
Comment:
We saw nice bounce from 200EMA and than pull-back from 8EMA in few days. Now we are already under the 200EMA and consolidating around out first target.
I think we stay in this zone for little while, depends on BTC.

Once BTC break 7,000 region we will see spike to 1.2$.

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