This is a very simple one, but IOTA seems to have found support around 50c. It has a slight increase in the volume, and a visible buy in every 50c touch. It might be the beginning of the reversal... but first we might see some sideways.
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Zoom out view of the logarithmic chart
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It's like the bull run when crypto was starting to turn down, extreme bulls were screaming moon, now when it might be starting another turn, extreme bears will keep screaming floor. Those bulls are the other side of the coin to the bears screaming floor now... but hey, both are the same coin.
Of course we still can go down, there is a lot of good TA's showing the possibility of the continuation of the downtrend. But please, don't believe in the SHORT to ZERO calls for IOTA.
As there is the downtrend possibility, what I show here is just another possibility, where I point some indications for a reversal. You have to weight the things that show trend continuation and the others showing trend reversal and decide what is more likely for you to happen.
Good trades!
Of course we still can go down, there is a lot of good TA's showing the possibility of the continuation of the downtrend. But please, don't believe in the SHORT to ZERO calls for IOTA.
As there is the downtrend possibility, what I show here is just another possibility, where I point some indications for a reversal. You have to weight the things that show trend continuation and the others showing trend reversal and decide what is more likely for you to happen.
Good trades!
Log view