ReadBTC

IOTA/USD - 1H Analysis

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BINANCE:IOTAUSD   IOTA
The price has stared to move sideways since the 14th of August.

Ideal Scenario : With the RSI on a neutral position and with the MACD above the signal line, we are just waiting for the first candle to close on green above the 20 Days Moving Average as a confirmation of a short term uptrend towards 0. 4765$.

Alternative Scenario : If the first candle will close on red above the 20 Days Moving Average and if the MACD will cross the Signal line, the changes of having a short term downtrend towards 0.4360$ will be increased.
Commento:
It worked very well! We are sticking to the plan!

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