Hey guys, IOTA, just like brothers ETH and NEO, built a Head & Shoulders reversal, confirming with the break of the neckline at $1.06
It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet.
But nevertheless we're in a beautiful equilibrium on the Daily, with our Highs at $1.25, Lows at $0.93, and now Lower Highs at $1.20 => We're now looking to form yet another Higher Low: A break here will be definitive.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet.
But nevertheless we're in a beautiful equilibrium on the Daily, with our Highs at $1.25, Lows at $0.93, and now Lower Highs at $1.20 => We're now looking to form yet another Higher Low: A break here will be definitive.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.