Good day traders
IOTA is kinda playing in no man’s land right now. Currently we’re trading below both the 100 and 200 MA on the 4 hr chart. With the 100MA about to cross the 200MA, we might see some additional bearish momentum. Additionally, we have a bear flag being formed to complete this ABC zig zag that should target the .786 correction at roughly 1.30 range.
Set your alerts and let this one unfold. If we end up trading above $2.10 without visiting the lower regions first, we’ll be in bullish territory so let’s stay tuned.
IOTA is kinda playing in no man’s land right now. Currently we’re trading below both the 100 and 200 MA on the 4 hr chart. With the 100MA about to cross the 200MA, we might see some additional bearish momentum. Additionally, we have a bear flag being formed to complete this ABC zig zag that should target the .786 correction at roughly 1.30 range.
Set your alerts and let this one unfold. If we end up trading above $2.10 without visiting the lower regions first, we’ll be in bullish territory so let’s stay tuned.