IOTUSD; Backing of after testing bigger resistance
A rise toward the bigger resistance level (met just shy of 8 cents) triggered a spree of selling bring this coin below 2.25 again.
Bull's task is to provide a higher low now, anywhere above the april 7th low @ 0.915. 1.60 and 1.30 are candidates for this. Have to closely monitor daily bottom signals for hints. On may 11th a hammer is already seen but market failed against the Bollinger midline thereafter; could see some (quick) selling again once market is below 1.60 but watch how quickly bulls react on such a break. A quick return above may be a buying opportunity.
First resistance around 2.25.
Bull's task is to provide a higher low now, anywhere above the april 7th low @ 0.915. 1.60 and 1.30 are candidates for this. Have to closely monitor daily bottom signals for hints. On may 11th a hammer is already seen but market failed against the Bollinger midline thereafter; could see some (quick) selling again once market is below 1.60 but watch how quickly bulls react on such a break. A quick return above may be a buying opportunity.
First resistance around 2.25.
Penafian
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