IOTABTC Breakout from the descending channel

Technical analysis suggests that market conditions are favorable for this coin to bring profit. On a large timeframe scales indicators are bullish.

At the short term timeframe the price break out of descending channel. Moreover it enters Ichimoku clouds zone resistance level breaking it too.

Fundamentals of the coin are also great. IOTA is suitable for swing trade, short term trade and long term hold trade.

Signal was posted in the Premium channel 3 hours ago

Trade geschlossen: Ziel wurde erreicht:

Breakout that we forecasted in the subssequent analysis has happened. The price reached 0.000131.

Then the price went on consolidation which was successful. Currently IOTA is in the sideways trend. We made another signal today to reenter this position

Profit: 11.01%
Duration: 2 days