The IOTUSD rate pushed down from the slow moving average and consolidated between $ 1.5 and $ 2. At the same time, the oscillations decay, and therefore the respite comes to an end.
Where is the exit?
On the daily chart, the picture is clearly bearish and now is a great time to sell.
On the weekly chart, "Crossing of Moving Averages" picture is still in the purchase, but the current rate is below the slow moving average. So it is enough for the bears to not allow growth, to receive a technical signal for sale in this time scale aswell.
So, we are selling.
Given the volatility, you can open a part of the position now, and put another one closer to $ 2, looking for a false upstream exit before the dip.
The goal of the decline is at about $ 1
Cancellation of the idea is if receiving a buy signal from the "Crossing of Moving Averages" on the daily chart.
We wish you profitable deals and follow our reviews!
Where is the exit?
On the daily chart, the picture is clearly bearish and now is a great time to sell.
On the weekly chart, "Crossing of Moving Averages" picture is still in the purchase, but the current rate is below the slow moving average. So it is enough for the bears to not allow growth, to receive a technical signal for sale in this time scale aswell.
So, we are selling.
Given the volatility, you can open a part of the position now, and put another one closer to $ 2, looking for a false upstream exit before the dip.
The goal of the decline is at about $ 1
Cancellation of the idea is if receiving a buy signal from the "Crossing of Moving Averages" on the daily chart.
We wish you profitable deals and follow our reviews!
