Descreasing selling volumes on the 4H chart... Stoch RSI oversold... MACD is confirming the bullish divegence trend. In the 2H chart IOTA looks good..same characteristics than the higher time frame, but here we are over the Ichimoku Cloud - Lagging Span (2H) out of the Cloud is a bullish signal. All indicators tells me that a wave 2 is starting in the next...
My series on IOTABTC continue here. As predicted in Part 2 (scrolling down the post) after the upside move driven up by Bitcoin yesterday, IOTA move downside aprroaching the Kijun-sen of the Ichimoku Cloud at around 0.00014880; If IOTA on the 4H chart found support on that yellow line, it can go sideways for a couple of days and then move to the next resistance...
Here's the link to the first chart I published on IOTA last week: In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only...
IOTA had been sold for a while now. If you look at the daily chart, from february 25th 2018 we had the first attempt to break the the descending trendline (in yellow). It seems like IOTA had found support at around 0.00014000. In the short term, like shown in the chart, if it breaks above 0.00014400 it will go through the resistence line (white dot line) at...
This should be a monthly bull flag..if broke it could go into the $74 I create this idea following JXMFinancial setup from GLUU(there's the link below)...i think it's smilar with a little retracement I hope to get it right If you have some doubts about my idea...do not hesitate to let me out.
Looks like almost ready. If hold $3.80 i think it's going to retest the 0.236 fib area. Over $4.30 could go to the 4.90/5 dollars. Is this a positive divergence???