The price broke SMA100 and it can confirm that the market is going to start upward movement. In spite of bearish signals from RSI and MACD, we can use the nearest resistance level as an entry point. If the market moves upward and breaks 0.62000 level, we'll get a breakout signal. Based on this signal, we should open long trades with stop orders at 0.45000 and profit targets at 0.80000 and 1.00000 resistance levels.
Get more trading ideas here https://www.tradingview.com/u/DLavrov/
Great thoughts! I haven't really followed IOTA too much.
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