Hey guys, here is the update for the iota trade. As I am always saying, IOTA is doing it´s last big downmove! We saw falling prices the last few days, maybe we will see a correctoin to the previous resistance area at around 1.70 USD. A correction will be activated at higher prices then 1.55 USD. Keep it in mind: from there on, it is more likely that we are falling down again, then making new highs! The main target is still around 0.65 USD. The green marked area is a main support, so it was probably that we bounce back from there. What would be, if we do not see a corrective structure? If we break the 1.38 USD sustainable, we will see fast falling prices to the next support, this is at around 1 USD. When we reach it, I will give a new analysis. Good luck
Kommentera:
Correction could lead to around 1.85 USD, after that another fall!
Kommentera:
He guys, short update. I said, that we will fall at around 1.85 USD and we are doing it now. Price discounts everything, so q was included since they announced it. Everybody thought it will be the begin of a new big rallye, but it is not. Look only at the charts, trust only the charts! We can see, that there is more downpotential. First target is 1 USD. Keep it in mind. The only, very unlikely scenario is, when we break the 2.70 USD the direction is long. Good luck!
Kommentera:
like i said, downmove! at this point we have to options!