IOTA/BTC with 2 support lines.

in #cryptocurrency6 years ago

IOTA is in Falling Wedge formation, which should be a bullish one if price break that upper resistance line.
To catch another bullish move is to buy IOTA at Wedge lower support line. It may be between 5500 and 4750 sat. (depends where it will hit).

It can have an upward bounce at 6800 satoshi, but that second line at around 4750 is a better one in my opinion. As it's either a strong support line and it's close to Wedge lower line.

Iotabtc.jpg

Iotabtc2.jpg

DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.

If you like my charts, follow me on Twitter https://twitter.com/Woytech
or on TradingView https://www.tradingview.com/u/Voytech/

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.033
BTC 63464.16
ETH 3111.33
USDT 1.00
SBD 3.98