- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern. - This kind of pattern is normally formed on the TOP of the market after a rally. - Wait for the Price Action when it touches the NeckLine of the pattern. - Breakdown with volume will confirm that the down move or correction started. Target for downside = Height of Head
Midterm forecast: 0.4015 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 55. New trading suggestion: *There is still a possibility of temporary retracement to...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . Price is in the resistance...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...