IOTA: Possible Buying Opportunity from 0.2600USD Support

IOTA: Possible Buying Opportunity from 0.2600USD Support

IOTA / Dollar BITFINEX:IOTUSD

DLavrov

Here is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to the support zone it will be possible.

If you skipped the previous buying opportunities, you will have a possible buy signal from 0.2600USD support. For opening long positions, we will need reversal signals. The profit target for such long positions will be 0.3500USD resistance.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov

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