IOTA has had a decline from 1.10$ to 0,32$ - very hard for the community of IOTA and tangle fans.
After the hardfork of BTG life came back and volume rose.
News say that the german foundation WINHELLER will now support IOTA - these are good news.
Price of IOTA jumped up to 0.50$, where we find a fibb retracement 23.5%. For three days the price consolidated at this level before making the next bounce to 0.61$ where we find next fibb retracement at 38.2%. It´s now the new support line.
Looking closer (4h candles) one can analyse a "3-rising-valleys" formation. This is a positive pattern.
The upper line at 0.64$ has to be broken to signal climbing prices.
The lower line at 0.55$ has not to be broken; otherwise the trend ended.
MACD: positive!
RSI: 60 - positive!
When volume stays at these levels (or higher) then I expect higher prices for IOTA.
After the hardfork of BTG life came back and volume rose.
News say that the german foundation WINHELLER will now support IOTA - these are good news.
Price of IOTA jumped up to 0.50$, where we find a fibb retracement 23.5%. For three days the price consolidated at this level before making the next bounce to 0.61$ where we find next fibb retracement at 38.2%. It´s now the new support line.
Looking closer (4h candles) one can analyse a "3-rising-valleys" formation. This is a positive pattern.
The upper line at 0.64$ has to be broken to signal climbing prices.
The lower line at 0.55$ has not to be broken; otherwise the trend ended.
MACD: positive!
RSI: 60 - positive!
When volume stays at these levels (or higher) then I expect higher prices for IOTA.