Hello, crypto maniacs!
On the 4H chart, IOTA is currently sitting on a strong support (dark blue line), which is perfectly matching with 0.23 Fib Retracement level.
Above the current price, at 0.00024572 level (red line), IOTA faced hard resistance.
Note the white box, where this exact same level was serving as resistance, there IOTA pulled back before it's rise to the ATH.
Also, please check both yellow circles at 0.00013109 level (white line).
The one, on the left, marks the begging of the previous bull run to the ATH. The other one marks the trend reversal from the Fib Retracement.
So, what does all that means?! Is IOTA going to take it's flight to the MOON soon?
I will let you determine for yourself!
NOTE: THIS IS NOT A FINANCIAL OR INVESTMENT ADVISE!
On the 4H chart, IOTA is currently sitting on a strong support (dark blue line), which is perfectly matching with 0.23 Fib Retracement level.
Above the current price, at 0.00024572 level (red line), IOTA faced hard resistance.
Note the white box, where this exact same level was serving as resistance, there IOTA pulled back before it's rise to the ATH.
Also, please check both yellow circles at 0.00013109 level (white line).
The one, on the left, marks the begging of the previous bull run to the ATH. The other one marks the trend reversal from the Fib Retracement.
So, what does all that means?! Is IOTA going to take it's flight to the MOON soon?
I will let you determine for yourself!
NOTE: THIS IS NOT A FINANCIAL OR INVESTMENT ADVISE!