Priceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019.
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area rather than closing below the PRZ so we can wait for next candle stick whether it will breakdown the PRZ support or will move up back into this zone.
I have used Fibonacci sequence for targets definition.
Buy between: 0.3036 to 0.2716
Sell between: 0.3797 to 0.4939
Regards,
Atif Akbar (moon333)
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area rather than closing below the PRZ so we can wait for next candle stick whether it will breakdown the PRZ support or will move up back into this zone.
I have used Fibonacci sequence for targets definition.
Buy between: 0.3036 to 0.2716
Sell between: 0.3797 to 0.4939
Regards,
Atif Akbar (moon333)
