A completely commented graph of IOTA/USD. Current price: 0.5779

The graphic is self-explanatory. Caution, it is not a trading advice.

İşlem aktif:

Now, I'm confident that the indicators on the chart are showing an upward trend.

Enjoy.

İşlem aktif:

The price has made a double ceiling around 0.636 and has returned to the 0.599 support.

İşlem aktif:

With the bullish trend in BTC, we must be cautious or close the operation.
0.5918 USD would seem a solid support in the current scenario.
Be aware of the price and make a decision according to your risk level.

Yorum:

IOTA could not stand the rise of BTC. As a result, IOTA lost its bullish trend in time frames shorter than 1 hour.

You can use the RSI as a trend reversal indicator and should expect a rebound from the 45 - 50 levels. The RSI should be kept in the upward half of the chart to validate a bearish reversal. If the latter does not occur, consider selling according to your risk level.