The price has reached the 1.618 Fib and is near the top of the channel. Watch for the price action, there could be a fake breakout before the drop. Also ABCD will close at $61.2
The crypto-market has shows signs of recovery, as the daily trading volume of large digital asset trading platforms has increased last days.
Considering the higher demand and what seems to be a reversal, I think that it is a good moment to buy IOTA and to keep it till the price goes to 0.6USD, where it is an important resistance zone.
TP 0.6USD
SL 0.46USD
The crypto-market shows signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over last days.
Entry Point bellow 0.5 USD;
TP 0.6 USD
SL 0.46 USD
The price is near D1 0.618 Fib Ret and near D1 Trend Line. Also, between D1 0.618 and D1 0.786 it seems to be a Demand Zone.
Considering all this factors, a price below 119USD represents an opportunity for the buyers.
Possible flag in progress and possible fake trend line breakout!
Entry Level: between the Support 1=121USD (also the H4 0.618 FIB) and Support 2=118.2USD (also in the Trendline zone);
Take Profit: 146USD - below the Resistance Zone
Stop Loss: 113USD - below the next support zone
Good Luck!
