IOTA descending triangle, technical rebound, more correction

17 ธ.ค. 2017

I take on IOTA is that it's in a descending triangle. There have been several rebounds, yet the last one didn't even touch the resistance. Today, IOTA is seeing a small jump. In my opinion, this is a technical rebound (see indicators) from oversold conditions.

I think it's likely that IOTA will break down the support to test the original trendlines before craziness began.

2.6 & 1.9 are two possible entry levels.

19 ธ.ค. 2017

บันทึก

Strong breakout. It's not going to the levels I predicted again. Some resistance at the previous ATH. It's way overbought but that's not enough reason for IOTA to fall. Short-term it can really go both ways.

Buy on breakout and hold. This one has a bright future.