Hi dear friends, hope you are well, and welcome to the new update on the IOTA coin.
Rejection by the resistance of weekly triangle:
On the weekly time frame, IOTA is once again rejected by the resistance of a big symmetrical triangle.
Small triangle:
Priceline has formed a small triangle on the 4-hr time frame, and now it may retest the support of this triangle. But is IOTA breaks down this small triangle then it may test the support of a bigger triangle on the weekly time frame.
Bullish divergences:
There are different divergences that appeared on different time frames as below.
4-hr hidden divergence, as the priceline forming higher lows but RSI setting lower lows.
Daily bullish divergence , as the priceline forming lower high but RSI setting higher highs
Weekly bullish divergence , as the priceline forming lower high but RSI setting higher highs.
Therefore, soon we can expect a big breakout and long-term rally.
Don't forget to upvote/tip and share the post, thanks
You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
▶️ 3Speak