Hey guys, how are you ?
Trying different coins here just to test my new analysis habilities:
So, since yesterday we had a biiiig jump for IOTA. Right now coinmarketcap.com is showing a 15.50% positive valuation in the last 24hs.
So let's look at the H1 chart:
So, if we look at the MACD and Fibonaccie it's showing us that we are in a Resistance line and propably we'll have a price down soon.
The RSI is almost at overbought, and that's one more signal for that...
Now let's see the D1 Chart:
So, in this Chart, we'll have the same movement (in my rookie Opinion):
The MACD is showing a uptrend, however, the RSI is showing a overbought AND we've just passed one critical resistance for the Fibonnaci.
So guys, let's wait and see if i'm right ! :)
See Ya.
