Finally IOTA confirmed the broken downtrend with a Kumo Break out, moving way above the cloud and baseline now!
The upward trend of the last days is confirmed.
DMI: Exploding over 40
Ichi: looking great all above the cloud and baseline until 4h chart -> the break out bounced at 47.5 from the upper resistance of the Kumo Cloud at 4h chart!
If the the price also moves above the cloud of the 4h chart at 47.5, we will have the last confirmation of the downtrend reversal (current chart displayed of this idea is 30 min chart). I also checked 4h to see the wider picture and included this in the post.
To conclude:
If you wanna play safe, wait until 47.5 Kumo resistance is broken.
Next Kumo Resistance (1D chart) will then be 57 (target 1). If it moves through that 64 (target 2) main resistance.
The upward trend of the last days is confirmed.
DMI: Exploding over 40
Ichi: looking great all above the cloud and baseline until 4h chart -> the break out bounced at 47.5 from the upper resistance of the Kumo Cloud at 4h chart!
If the the price also moves above the cloud of the 4h chart at 47.5, we will have the last confirmation of the downtrend reversal (current chart displayed of this idea is 30 min chart). I also checked 4h to see the wider picture and included this in the post.
To conclude:
If you wanna play safe, wait until 47.5 Kumo resistance is broken.
Next Kumo Resistance (1D chart) will then be 57 (target 1). If it moves through that 64 (target 2) main resistance.
Comment:
Unfortunately IOTA became fragile again after yesterday correction of almost all coins. The uptrend line was broken and currently we are moving parallel to the old downtrend line. Longterm traders find cheap prices now. Short term traders, should rather wait for a clear reversal now.
Green light for long trades.
21% to be made until next Kumo resistance at 57