In my previous post I described the possibility of entering in iota on the 32.8% retracement. The static support did not stand, but eventually was reached again in these days (red arrow). The negative trend line coming from january has now been broken; new supporting price zones can now be at the current price, (black arrow), or better at the 32.8% new FIBO retracement level (blue arrow). Always keep in mind the strong correlation with Bitcoin; in my opinion only an uptrend of Bitcoin could justifuy a higher beta in crypto portfolios now.
Good trading to all
Good trading to all