IOTA has had a great day, if you were in on it we hope you saw some profits!
Price action followed support to the .786, bouncing from there straight through an area of resistance before starting to correct. Tonight volume across all of the time periods is looking strong. IOTA looks likely to stay above short-term support I've indicated with the yellow trend line...however, there is a chance of price action falling through of course. If it does we can hope it will find support at the bottom of my pitchfan or at it's lowest, hopefully, the lower green line. If this happens to be the direction the market heads it could be another great time to buy and ride until the next rise!
Price action followed support to the .786, bouncing from there straight through an area of resistance before starting to correct. Tonight volume across all of the time periods is looking strong. IOTA looks likely to stay above short-term support I've indicated with the yellow trend line...however, there is a chance of price action falling through of course. If it does we can hope it will find support at the bottom of my pitchfan or at it's lowest, hopefully, the lower green line. If this happens to be the direction the market heads it could be another great time to buy and ride until the next rise!