rsolva

rsolva

This is partly an update on my last chart. Once again we see IOTA being dragged down by BTC, as has happened with most other alts. The 4H RSI is now at it's lowest since the first real rally, while at the same time finding support at the 0.236 fib. To me, this signals that the bottom of this downturn could be near it's end. BTC has historic support between 9.5K...

rsolva

There are several promising signals for IOTA: 1) Healthy upward movement from the 0.5 fib 2) We are heading out of the Ichimoku cloud 3) The RSI is finding its balance after the last ATH, and seems to gather strength If these signals keeps strengthening the coming days, we might soon see a new surge in IOTAs price towards the 1.618 fib around $9. Taking into...

rsolva

The price is being pushed into a tight wedge and there seems to have been a lot of accumulation going on around $4.

rsolva

As IOT/BTC nears the end of a triangle on the 4H chart, the question is if it will brake out of the triangle or stay inside and continue upwards. Bitcoin had a nice upswing today, but it seems to have lost it's steam. Low volume and some indecision. The bigger picture from the last few weeks is that many alt-coins has surged in price, and this might continue if...

rsolva

BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.