Hello, dear members of LeoFinance!
Today I want to outline something interesting on the price chart of MIOTA.
In the daily chart (1D), IOTA/USD has received solid support from the neckline of the Inverted Head & Shoulders (common trend reversal pattern) and rebounded:
As can be seen from the chart, IOTA/USD has returned to the 360-day Moving Average (MA 360) and is now consolidating. Hopefully, this is the beginning of the renewal of the uptrend.
To be continued ...
As of the time of writing, one IOTA costs $0.8514 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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