IOTA is just about to break the support-line at 3.83$. This is also the fib retracement 61.8%.
If it breaks the support we can expect a further downtrend in direction the lower limit of the descending trend channel!
Indicators are signalling a weakening situation, RSI below 50, MACD triggered from top to down, ADX and DI near 20 - no significant trend!
Only with rising volume this trend could be changed shortly.
So, actually IOTA is no buy opportunity.
Older trades are closed.
If it breaks the support we can expect a further downtrend in direction the lower limit of the descending trend channel!
Indicators are signalling a weakening situation, RSI below 50, MACD triggered from top to down, ADX and DI near 20 - no significant trend!
Only with rising volume this trend could be changed shortly.
So, actually IOTA is no buy opportunity.
Older trades are closed.