Possible consolidation. Still short.

29 de jun. de 2018

IOTA has broken marginally then 1D Channel Down but still remains under heavy bearish mode (RSI = 31.878, Highs/Lows = -0.0959, MACD = -0.164). As you see on the chart there may be a possible recurrence of the previous 1H Rectangle pattern (with STOCHRSI = 47.986, Ultimate Oscillator = 49.518 already neutral) based on the High Volatility (ATR @ 0.0179). This doesn't change the plan for IOTUSD as 4H will either break now lower (B/BP = -0.0586) or in 2 - 3 sessions. TP is still 0.7947, with Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459 the next supports/ target points.