Kipyegonn
Long

IOT benefits from BTC hard fork-IOTUSD analysis-25.10.2017

BITFINEX:IOTUSD   IOTA / U.S. Dollar
Hi guys,
There is an across the board alt coin appreciation and among the many coins which benefited, one is IOT             . Yesterday, it broke above resistance trend line and closed above resistance at $0.50. With a stochastics buy signal and above average volumes, IOT             bulls should find this formation as a perfect opportunity to go long and aim $0.65-$0.70. We wait to see if this rally will be immune to Trump announcement of a new FED chair. Senators are leaning towards Taylor, the brains behind Taylor's Rule used by policy makers to set interest rates. Furthermore, we have the tax reforms in senate and a simple majority is needed.
Anyway, over time, we shall need to find a correlation between the USD and crypto. Data is not sufficient to muster a relationship.
for now, let me know what you think. You can checkout our analysis page at NewsBTC here: https://tinyurl.com/iotusdAnalysis
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