IOTA broke out and retested the descending triangle. As we speak, it is making higher lows and lower highs on the 1H chart. Shorter term moving averages support upward movement as they are in the correct order (10 above 30 above 50). RSI level 40 is an important level to watch and this must not be broken for the new uptrend to last. Next important price level is 4.00 - 4.10: if price reaches this level, it will be good for the upside potential since lots of breakout traders will be closely watching break and close above this area.
Yorum:
And we are going! :)