IOTA / BitcoinLong
IOTA Price analysis
1D Timeframe
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.