Despite yesterday's noticeable decline during the day, IOTUSD managed to close only slightly below the moving averages.
And the indicator "Crossing moving averages" at the closing of the day gave a buy signal.
As you can see on the chart, the last buy signal gave a 700% profit: entry at a $ 0.5 mark and the exit on $ 3.5.
Let's see how it will be this time.
Graphically we see a flat. The rate should overcome the $ 4.5 mark in order for us to talk about the beginning of growth.
The next resistance level is at the maximum point - $ 5.5
In case the rate overcomes that level, the calculated goal based on the height of consolidation and the size of the previous wave is $ 8- $ 8.5
If we calculate the multiplicity of growth (many cryptocurrency pairs show the repetition of the multiplicity of growth on the continuation of growth), then the top of the next large wave is at $ 40.
Recommendation: buy
Cancellation of the idea is below $ 3 on the closing of the day
