IOTA fell out of its upward channel with a huge dip today of 15%. RSI is now oversold on the 4h, and has touched RSI resistance of 30. Bullish cross forming on the Stochastics RSI. Wave 1 has completed with this correction. We are seeing bullish signals now, looking as though wave 2 might have finished as well, but be careful as we have not seen an ABC correction on the way down. Either way, looking for wave 3 soon to take to new highs.
*My opinion - not financial advice *
*My opinion - not financial advice *
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