HEY, what's up today ?!
Since 26 Mar 2021,that I posted the last analysis for Iota , It has been declining till now ,
where that I exactly told you guys ;iota is compressing in a kind of symmetrical triangle
pattern,also there are some EMA cross under signals,so there is a possibility of falling ! =====>>>. ( More than 70% 1x short )๐ฐ๐ค
So today as you see on the Weekly timeframe for IOTA/USDT again , after a massive drop recently reached the demand zone , in this week it was able to record a pretty good candle on the local support zone , and already had a positive MOM divergence ,now it can start an uptrend ,it can reach the higher resistance levels and likewise to fill higher VG (Volume gap ) or test higher key zones OR even test VWAP line , but likely will get rejected at the higher resistance zones . ! but otherwise if losses the current support zone it can continue its consolidation phase through DEMAND zone for longer time !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
Since 26 Mar 2021,that I posted the last analysis for Iota , It has been declining till now ,
where that I exactly told you guys ;iota is compressing in a kind of symmetrical triangle
pattern,also there are some EMA cross under signals,so there is a possibility of falling ! =====>>>. ( More than 70% 1x short )๐ฐ๐ค
So today as you see on the Weekly timeframe for IOTA/USDT again , after a massive drop recently reached the demand zone , in this week it was able to record a pretty good candle on the local support zone , and already had a positive MOM divergence ,now it can start an uptrend ,it can reach the higher resistance levels and likewise to fill higher VG (Volume gap ) or test higher key zones OR even test VWAP line , but likely will get rejected at the higher resistance zones . ! but otherwise if losses the current support zone it can continue its consolidation phase through DEMAND zone for longer time !
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're fan of my analyses please follow me , give a big thumbs ๐ OR drop a comment ๐ฏ
