MIOTA vs Bitcoin Chart Analysis (IOTABTC #6)

24. Okt. 2021

MOITA (IOTABTC) is giving out an air of recovery but somehow I am not fully convinced.

We see prices moving above EMA10 and the recent MACD bullish cross but when we look closer, we have a lower low compared to the recent July and August support.

We also have a descending channel rather than a falling wedge.

It will surely recover, we are bullish long-term but there is room for additional correction, keep this in mind before you trade.

Bullish above 0.00002285 in the short-term.
Any trading below this level and we aim for the 0.786 Fib. retracement level support.

This is not financial advice.
All the information is shared for learning/entertainment purposes only.

Thank you for reading.

Namaste.