What's up Guys , in this analysis I gonna talk about IOTA
As you can see in the weekly time frame for pair of IOTA/USDT ,since 16 April it has been declining after recording new ATH about 2.67$ ,
and now we can see that iota is compressing in an descending or symmetrical triangle pattern ,
also there is a possibility of further fall right now bcs of crossing under of emas and
if break out the support zone in can do down to lower support,
meanwhile it has reached the bottom of triangle again and can have a jump again ,
by breakout of descending trend line, there is a high possibility to reach the targets respectively and seeing new ATH .
so in this case it can continue its rally by closing above resistance range and have a pulback and continue .
🛑resistances: $1.33-1.43///descending trendline
❇️supports: $0.72-$0.80, $0.57,$0.43
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
As you can see in the weekly time frame for pair of IOTA/USDT ,since 16 April it has been declining after recording new ATH about 2.67$ ,
and now we can see that iota is compressing in an descending or symmetrical triangle pattern ,
also there is a possibility of further fall right now bcs of crossing under of emas and
if break out the support zone in can do down to lower support,
meanwhile it has reached the bottom of triangle again and can have a jump again ,
by breakout of descending trend line, there is a high possibility to reach the targets respectively and seeing new ATH .
so in this case it can continue its rally by closing above resistance range and have a pulback and continue .
🛑resistances: $1.33-1.43///descending trendline
❇️supports: $0.72-$0.80, $0.57,$0.43
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
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previous predictions :
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VG: VOLUME GAP
