Price Analysis: IOTA / USD – Bitfinex

Summary:

IOTA (IOTA), It keeps respecting the Trend Lines 2018 and even thinking about buying for the medium term is risky, However, graphically, there are some opportunities to do good operations …

Investment:

For the graphic in the frame H4

Intradia

1.- BUY to the rebound Support 1 = $ 0.55

2.- BUY to the rebound Support 1 = $ 0.48

3.- BUY to the rebound of Minimum Price 2018 = $ 0.40

All purchases are likely to give 5-10% Profit

Medium term

1.- Wait Rupture of the Trend Lines 2018

Target 1 = $ 0.70

Target 2 = $ 0.75

Stop Limit = Calculate at 3% or 4% as Maximum from the point of Purchase

The MACD and RSI indicators are in the same direction of the price, there are no divergences, so we have a high probability that the price continues to fall or lateralize a time.