IOTA BEGINNING TO FALL - ACCUMULATION ZONES / WATCH OUT!!
Today we have seen a tremendous Increase in the price of iota, the currency has seen growth up to 50% in the past day and is now retracing back to previous resistances that have now become support. We can expect to see the currency fall between the supply Lines which is an indication to accumulate and invest as the prices are going down so you can diversify your purchases across time.
The RSI is approaching the oversold sections which can indicate that there is going to be a bullish trend ahead since traders see this at a time to purchase which drives the price up.
As always trade the lines accordingly.
- Orange - Resistance.
- Pink - Support.
Sorry everyone forgot to add direct links!! TRADING VIEW ANALYSIS - https://www.tradingview.com/chart/IOTUSD/e5JFfsH6-IOTA-BEGINNING-TO-FALL-ACCUMULATION-ZONES-WATCH-OUT/
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I dont understand those graphs, because im a newbie. Would you recommend me buying iota at the moment?
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If you are in for the long-term, yes. You may see a dip on the short-term.
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