IOTA could be potentially ready for a REVERSAL (Part 2)
Here's the link to the first chart I published on IOTA last week:
In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only in that case it's a potential reversal. Always wait for the confirmation.
This time I've choose to show more information on the chart about MACD bullish divergence, Stochastic RSI and the rest of my notes. Visually it's more intuitive and simple to understand I hope.
Remember that I'm not a professional trader. So I obviouly make mistakes. So, If you have some suggestions don't hesitate to write them in the comment section below.
Bye guys
In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only in that case it's a potential reversal. Always wait for the confirmation.
This time I've choose to show more information on the chart about MACD bullish divergence, Stochastic RSI and the rest of my notes. Visually it's more intuitive and simple to understand I hope.
Remember that I'm not a professional trader. So I obviouly make mistakes. So, If you have some suggestions don't hesitate to write them in the comment section below.
Bye guys
Possible a retrace back to retest 0.00014880 level of support.
Support is the Base Line (Kijun-sen in yellow) of the Ichimoku Cluod.