IOTA LONG TERM REVERSAL

May 9, 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

IOTA WHAT'S NEXT! From a long-term perspective.

As we clearly see price is still overall bearish making clean lower lows and lower highs, Trading inside this falling channel.

However, price is sitting around a strong support zone, where we will be looking for new longs.

Meanwhile, for the bulls to kick in from a long term perspective we need a break above the marked major swing high,

Then a shift in momentum would be expected, and a further movement higher would be expected.

Until that and as the price is diving more inside our support zone we will be looking for new longs from a short-term perspective.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!