IOTUSD near trend reversal. Waiting on confirmation
Broken channel and down trending resistance. Making tentative higher lows.
Broken above 10D and 30D EMA. 10, 30 & 50D SMA converging, which is a strong lead to a potential reversal.
Bullish indications on 1D MACD-H, RSI and EFI.
Stochastic showing slightly overbought. Expecting a 2--4 correction and then bullish behaviour.
Will long if can break and hold above 50 day SMA on above average volume.
I am cautious that if BTC rallies, then IOT could fall back into down trend channel.
Broken above 10D and 30D EMA. 10, 30 & 50D SMA converging, which is a strong lead to a potential reversal.
Bullish indications on 1D MACD-H, RSI and EFI.
Stochastic showing slightly overbought. Expecting a 2--4 correction and then bullish behaviour.
Will long if can break and hold above 50 day SMA on above average volume.
I am cautious that if BTC rallies, then IOT could fall back into down trend channel.
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