The Bulls couldn't close IOTA above a major resistance of $0.1877. If we find support on the top trendline then there may be a chance to challenge the resistance again and take this coin to $0.22 as the first target. BITCOIN price and the next day candle for IOTA will tell us where this coin is heading. RSI is not overbought which supports upward movement.
Kommentar
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IOTA seems to have found support on the trendline and with good volume, this may take us to challenge our first target at $0.22.
I think 0.1716 need to hold, then I think we move upwards! :D
georgime
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@BjornErikLien, I remember you said this in my previous post. Thank you for your comment. I still have my position in place but I have moved my stop loss upwards.
Lihnku
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@georgime, There is no reason to not do it. Just dont make it get knocked out before it goes up. Im not using stop-loss on this position. If it goes down more I buy more. Weekly RSI is kinda nice! The same is the MACD. Give this a week or so, and I think we are above your first target, and maybe your second aswell.
georgime
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@BjornErikLien, IOTA is a good coin. I wish I could buy more but I am on a margin trade on this one, that's why I am using a stop loss.