Target: Between the red dotted lines.
Reason: The first thing that we can see is a bullish divergence on the MACD that indicates a reversal in trend (Higher lows while candles are lower than previous). But I think that IOTA could drop within a couple of hours. The reason is because the price failed to breach the 200 EMA (Pink line) and needs a retest of its support before taking off. I believe that we will be seeing a drop to around the area of the drawn lines (Could be lower). A large falling wedge seems to have formed on the chart also. A decrease in volume seems to indicate a short term shift of moment to bearish trend.
Time: Within 2 days.
Reason: The first thing that we can see is a bullish divergence on the MACD that indicates a reversal in trend (Higher lows while candles are lower than previous). But I think that IOTA could drop within a couple of hours. The reason is because the price failed to breach the 200 EMA (Pink line) and needs a retest of its support before taking off. I believe that we will be seeing a drop to around the area of the drawn lines (Could be lower). A large falling wedge seems to have formed on the chart also. A decrease in volume seems to indicate a short term shift of moment to bearish trend.
Time: Within 2 days.
Dagangan ditutup secara manual
It is a bearish pennant with a false breakout. target was completely wrong.
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.