Cup pattern replication. Limited sideways activity. Short.

2018年7月27日

IOTA is on recurring Cup patterns on 1D (neutral RSI = 46.114, ADX = 21.167, Highs/Lows = 0) trading sideways for over a month. The 0.9132 support continues to contain this medium term consolidation and the 1.2548 Resistance to reject it. We remain bearish on the longer term as 1W is still on negative MACD = -0.184, Highs/Lows = -0.2865, B/BP = -0.5280. IOTUSD TP = 0.7947 and 0.6704 (Nov 24, 2017 contact point) on the short term.