Iota tested the lower bound of the range and support at $ 1.10
Support stood strong and quotes rose almost to the middle of the current range of $ 1.1- $ 2.2
Here, in the center of the range is a decreasing slow moving average.
So now this is the key level for predicting the future rate movement:
If the rate does not reach the upper limit on $ 2.2, it will start to decrease to $ 1.1, then there is a high probability of a breakdown of the support and exit from the range downwards.
If IOTA overcomes the resistance and gets to the upper bound, then there is a high probability of further fluctuations of the exchange within the current price range.
Support stood strong and quotes rose almost to the middle of the current range of $ 1.1- $ 2.2
Here, in the center of the range is a decreasing slow moving average.
So now this is the key level for predicting the future rate movement:
If the rate does not reach the upper limit on $ 2.2, it will start to decrease to $ 1.1, then there is a high probability of a breakdown of the support and exit from the range downwards.
If IOTA overcomes the resistance and gets to the upper bound, then there is a high probability of further fluctuations of the exchange within the current price range.
