IOTA is currently ranging with support from the central moving average of the KRI. It sits in the dead center of this indicator and has a long way to go, up or down. The upper and lower bounds are of the KRI are beginning to contract sharply, which indicates a breakout soon. On the downside, it will find support at the lower bound of the KRI at $3.02, though it will likely first bounce off a Fibonacci level at $3.25, which is a nice psychological level as well. Above, we have a Fibonacci level at $4.36, the upper bound of the KRI at $4.62, the psychologically significant $5 mark, and a Fibonacci Extension level at $5.06.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
For daily commentary on cryptocurrencies, subscribe to our newsletter!
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
For daily commentary on cryptocurrencies, subscribe to our newsletter!
Join my discord at discord.io/quantguy
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join my discord at discord.io/quantguy
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.