Watch my daily technical analysis on Bitcoin & crypto alts like ETH BCH EOS IOTA LTC
As opposed to her fellow brothers EOS & BCH, IOTA hasn't broken her neckline yet, which shows relative weakness right now. But beware - once we get above that area, it could break out with big gains to the 1,35-1,40 area. Support is established on the downside now at around 1,20.
Currently it has gained EMA 12 as support, while EMA 26 is still resistance. If we can break out the 1,30 area will also highly depend on grandpa BTC, who has run pretty much from the bottom now & might have to consolidate a little bit before continuation.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
As opposed to her fellow brothers EOS & BCH, IOTA hasn't broken her neckline yet, which shows relative weakness right now. But beware - once we get above that area, it could break out with big gains to the 1,35-1,40 area. Support is established on the downside now at around 1,20.
Currently it has gained EMA 12 as support, while EMA 26 is still resistance. If we can break out the 1,30 area will also highly depend on grandpa BTC, who has run pretty much from the bottom now & might have to consolidate a little bit before continuation.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.