Important levels to watch for IOTA Hodlers

IOTUSD

Iota has been on a longterm downtrend just as the rest of the altcoins and suffered severe losses in Value.

It managed to bounce a little after the current drop, to $0.57.
The maximum bounce on this current run we see about $0.64 where it will be hitting the 0.5 fib retracement.

That would be a good area to sell/short iota.

Targets are the two redline support levels at $0.39 and $0.26 which are the longterm buy areas for IOTA.