IOTUSD: 1st target hit. 2nd projected towards the end of January

TP = 0.3200 hit as the 1W Channel Down (RSI = 34.160, MACD = -0.306, Highs/Lows = -0.1732) made a new bearish leg nearly making a new Lower Low at 0.2450. Based on this channel and the Lower Low support (dashed line) we will pursue our final TP = 0.1495, which is projected to be accomplished near the end of January. However due to the highly probable scenario that the crypto market is near a bottom, we are prepared to close that final position (still on profit) if the price jumps above 0.4000.



** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.