IOTA Bear Trend Will Be Over

13 thg 12, 2017

We are currently at red 7 according to Tom Demark count on the 4H chart. This means we can have up to 8 more hours of bear trend. I expect the price to go upwards after that.
Stoch RSI is oversold which confirms my idea.

There is a huge support at 3.58 area. If price touches that area it will bounce from there.
Resistance areas are: 5.12 and 5.6

Here is my high profit/low risk short term trading idea:

Long at: 3.7
Take profit at: 5.0
Stop loss: 3.4


For long term, I recommend buy and hold.