IOTA

#IOTA is in the clouds, rejection around KS region

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#IOTA is in the clouds, rejection around KS region. Facing an important test in a few hours. The break above 50DMA (1.88). If we get confirmation of the break then we can expect a bull run to 2.3 level from iota

50DMA break is important for IOTA, currently at 1.88

Historical data whenever #iota has broken 50DMA level:

22 May: -23% drop in 8 days
14 April: +104% in 19days
16 Jan: -74% drop in 81days
9 Nov: +1024% in 27 days
8 Sept: -47% in 55days
4 Aug: +240% in 13 days

We need to be on the sidelines till we get a confirmation of the break, if entry is from 1.72 level then SL should be trailed appropriately.

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