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IOTA Ranging

Not much has changed since yesterday. IOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. On the downside, it will find support at the lower bound of the KRI at $2.84, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI at $4.94, the psychologically significant $5 mark, and a Fibonacci Extension level at $5.06.

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