IoTeX / TetherUS
Panjang

🔥 IOTX Potential Channel Reversal

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Just like the overwhelming majority of cryptos, IOTX has seen a strong bearish move lately. However, it appears that IOTX has found some support at the lower trend line of the channel, for now at least.

With BTC not seeing a lot of bullish price action at the moment, alts are not really reversing yet, apart from a select few.

Before taking this trade I adivise to wait patiently for BTC to reverse with some confidence, higher highs and higher lows for example.

Happy trading!

Penafian

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