Hi dear friends, hope you are well, and welcome to the new update on IOTA coin.
Long term resistance:
On a weekly time frame, IOTA is trying to break out a low term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move.
Bullish divergence:
On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long term resistance:
On a weekly time frame, IOTA is trying to break out a low term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move.
Bullish divergence:
On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.