Dear Tradingview users,
First of all I want to wish all of you all the best for 2018, may it be a very profitable year !
First analysis of the year about IOTA/USD,
As the prize is approaching the 4.35, we look closer to the reason that push the price back on 27/12/2017 which was a low volume. This time the volume is much higher than last time but still lower as in 19/12/2017.
Moreover the volume seems to getting lower in the hours passing. Which lead to the conclusion that the volume still isn't enough to break the 4.35 level. The trend might be following the bearish trend.
As the price just get under 4 again, the price need a very important buy side to get over that resistance.
Analysis done by The Foil
01.01.2018 23:29
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Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
First of all I want to wish all of you all the best for 2018, may it be a very profitable year !
First analysis of the year about IOTA/USD,
As the prize is approaching the 4.35, we look closer to the reason that push the price back on 27/12/2017 which was a low volume. This time the volume is much higher than last time but still lower as in 19/12/2017.
Moreover the volume seems to getting lower in the hours passing. Which lead to the conclusion that the volume still isn't enough to break the 4.35 level. The trend might be following the bearish trend.
As the price just get under 4 again, the price need a very important buy side to get over that resistance.
Analysis done by The Foil
01.01.2018 23:29
----
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.