Good afternoon to all steemians.
Today I come with an analysis of the crypto IOTA, at this moment IOTA has a value in usd of 2.098. It comes from a recovery from 0.98 cents, with a 2X profit.
Now let's get into the subject, when we see the 4 hour chart, we see that we are in a channel, between 2.24 and 1.53 usd.
The stochastic is overbought and the rsi is at an intermediate level, an interesting option would be to wait for a return buy near the support of 1.53 usd.
In the 1 hour chart we can see this channel more clearly.
The stochastic is oversold and the rsi at intermediate level, there could be a descent at any time. the ideal would be to wait for the return to buy near the support of 1.53 usd.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
