Investors are unsure right now. Decision within the next 5-20h.
Investors are unsure about IOTA right now. If the immediate support line at ,000302020 breaks, the price will further drop. Next stop is the uptrend line which forms to a certain degree a big flag including the big surge.
ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not follow red and green stays at its current level, the downtrend is not confirmed. Keep an easy on that. Volume is missing though.
RSI is oversold at 1h and 2h while it shows at the 4h a cool downtrend from being oversold at around 65%.
If bulls do not decide to take over within the next 5 hours, bears will show interest to take over. If so, bulls bought some time until to decide again.
Disclaimer: I’m new to TA and just try to contribute some thoughts. Feedback is more than welcome.
I also would like to clarify that I am into IOTA invested.
ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not follow red and green stays at its current level, the downtrend is not confirmed. Keep an easy on that. Volume is missing though.
RSI is oversold at 1h and 2h while it shows at the 4h a cool downtrend from being oversold at around 65%.
If bulls do not decide to take over within the next 5 hours, bears will show interest to take over. If so, bulls bought some time until to decide again.
Disclaimer: I’m new to TA and just try to contribute some thoughts. Feedback is more than welcome.
I also would like to clarify that I am into IOTA invested.
Komen:
Support broke at the 1h chart.