IOTA might be close to its low!!

It is reaching gann square 3rd arc, indicating a possible return of trend. Besides, a strong pitch fork support is also around this level. The inverse trend of CCI and RSI with price increases the confidence that the bearish trend might be close to an end. IOTA should definitely be watched carefully recently!!

評論:

Seams like it has started the move!! Although a bit earlier than I thought. I thought it might even test a bit lower before taking action.

Currently at a level to watch 0.61~0.62. From my chart of other time frame, some fibonacci level and gann fan resistance are around here. Next level would be around 0.67, which you can see an intersection of pitch fork and gann fan from the chart above.

Below is my Daily chart, indicating a possible resistance at current level. My 144 min chart shows about the same resistance level as well. However, it's hard to think it will be stopped here. A more severe resistance should be the 0.67 level IMHO.