Additional to my related linear trend analysis (see www.tradingview.com/...-from-BTC-dominance/), we can see IOTA also acting strongly along macro logarithmic downtrend channels, where an upbreak into the next level seems due.
Trade active:
As noted in the related (linear) idea, we took some important steps for IOTA's way to liberation. But with the rejections on the exact logarithmic channel roof, we just confirmed it yet.
Take care of the also noted 200 EMA, that's rejection could lead into a channel entering fakeout. Closes above will give us credence to the top-end of the new channel, as there's also no more major resistance in the way (despite March-06 breakdown decision-price at exact channel resistance at $1.87).
Take care of the also noted 200 EMA, that's rejection could lead into a channel entering fakeout. Closes above will give us credence to the top-end of the new channel, as there's also no more major resistance in the way (despite March-06 breakdown decision-price at exact channel resistance at $1.87).
