HiTech
Long

IOTA VS Bitcoin Uptrend Continues

BITFINEX:IOTBTC   IOTA / Bitcoin
After reaching the btc              0.00044 high, Iota almost immediately has corrected down to btc              0.00017, losing 60% to the Bitcoin             . Following consolidation between btc              0.00030 and 0.00017 is going on now for nearly two months. 

IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level , occurred last week, the 8/1 Gann Fan trendline has been rejected cleanly as well.  

This could be first signals of the end of consolidation period and continuation of the long-term uptrend. The price is certainly attractive for buyers and least for the short term investment. The first resistance is at 23.6% Fibs that is btc              0.00035 level and should play the key role in further price development. Break above it should confirm the long-term uptrend, while the rejection could prolong the consolidation period.
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ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
where is good buy oppurtunity?
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HiTech hart-mo
@hart-mo, looks like now
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