Both targets hit. Emerging Channel Down. Short.

9. Aug. 2018

Both TP = 0.7947 and 0.6704 (Nov 24, 2017 contact point) have been hit as IOTA followed our bearish break-out signal on the previous report, was rejected again on the 1.0195 Resistance and eventually made a new 1D low at 0.6000. We expect a new 4H Channel Down to emerge (RSI = 28.620, MACD = -0.069, Highs/Lows = -0.0378, B/BP = -0.1041) that will drive the price down to the November 02, 2017 contact point = 0.3199 at least, if not the July 15, 2017 = 0.1459. That will be a technical Lower Low within the 1D Channel Down (RSI = 31.382, MACD = -0.086, Highs/Lows = -0.1902, B/BP = -0.3909) for IOTUSD and a rebound is expected.