IOTA CLEARLY BREAKING THE DOWNTRENDLINE +25% from yesterdays dip
IOTA is 25% from yesterdays dip, I hope you guys were able to follow my posted strategy.
Now we can perfectly trade trend following, as we have a beautiful upward channel.
IOTA is still very cheap and as money will move back to Alt Coins after the upcoming BTC fork, IOTA will gain even more strength.
We have more than 20% to make till the next resistance which will be around 50.
Your likes are welcome if you like my work. Thank you!
Now we can perfectly trade trend following, as we have a beautiful upward channel.
IOTA is still very cheap and as money will move back to Alt Coins after the upcoming BTC fork, IOTA will gain even more strength.
We have more than 20% to make till the next resistance which will be around 50.
Your likes are welcome if you like my work. Thank you!
Comment:
After oberserving IOTA today, I need to say it is not in safe territory yet short term. For longterm definitely good buying prices at the moment, for short term there is a chance it might fall back lower again for the next couple of days until the BTC fork is finalized.
Comment:
I would not recommend any new long trades at the moment for short term traders. IOTA could be falling to as low as 32 next resistance and repeat its current "breaking the trend line clearly to then drop again under it" story.
I expect it to be back at 60s area in a few weeks, but short term it is nerve wrecking and fragile atm and losses of 10-20% are still possible.
We have seen 2 uptrends lately that were broken again.
Buy & hold for longterm traders, surely makes sense, but you might be able to even buy in a deeper dip.
Short term & day traders, rather stay out or only trade with Kumo indicator active. Or rather wait till after the BTC fork.
I expect it to be back at 60s area in a few weeks, but short term it is nerve wrecking and fragile atm and losses of 10-20% are still possible.
We have seen 2 uptrends lately that were broken again.
Buy & hold for longterm traders, surely makes sense, but you might be able to even buy in a deeper dip.
Short term & day traders, rather stay out or only trade with Kumo indicator active. Or rather wait till after the BTC fork.