A completely commented graph of IOTA/USD. Current price: 0.5779

tekolo의

업데이트됨

The graphic is self-explanatory. Caution, it is not a trading advice.

액티브 트레이드

Now, I'm confident that the indicators on the chart are showing an upward trend.

Enjoy.

액티브 트레이드

The price has made a double ceiling around 0.636 and has returned to the 0.599 support.

액티브 트레이드

With the bullish trend in BTC, we must be cautious or close the operation.
0.5918 USD would seem a solid support in the current scenario.
Be aware of the price and make a decision according to your risk level.

노트

IOTA could not stand the rise of BTC. As a result, IOTA lost its bullish trend in time frames shorter than 1 hour.

You can use the RSI as a trend reversal indicator and should expect a rebound from the 45 - 50 levels. The RSI should be kept in the upward half of the chart to validate a bearish reversal. If the latter does not occur, consider selling according to your risk level.