However, we have February/22 and March/22, where before rising again it may fall to the levels of 0.65 and 0.45.
Are you ready for a further 50% drop? The maximum pain? Place your bets, short or long term?
Also remembering that IOTA was 4 years at 0.20 without moving.
Nothing prevents it from being stuck in the same place after it reaches 0.45 for another 4 or 5 years.
Comment: If you want a strategic solution, buy at 0.65 and 0.45 and make an average price.
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In theory, the trend is still low. The momentary high, which now stands at 0.84, refers to a pullback and is not yet a reversal. I would wait for a break above 1.10 to consider a reversal from the downside to the upside. Breaking 1.10, buy. Dropped, buy more.
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Another analytical view of the charts also shows a lateralization, which has broken up. It is possible that the downtrend will also reverse from here. It might be a good buy at 0.84, but if it drops more, buy some more. Don't go all in yet.
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Just a small update. Iota broke through the predicted support. Iota can find new supports at 0.37 and 0.28. But it will be up to strategy to place a stop loss. I would see it as an opportunity for 5 or 10 years from now. Think about this possibility.
not far off by the look of things, possible bottom is in
pablo-hernandez
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@jamesasb, fact. Considering Iota's proposal, I believe that what devalues it the most is centralization. Let's wait. Whoever buys now, even if it drops 50%, will still have a chance to recover.
jamesasb
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@pablo_hp, but xrp is POA.... noone minds centralisation there
pablo-hernandez
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@jamesasb, well, XRP is financed by banks and not by individuals. Ethereum is also centralized, but it is on all exchanges. Each currency is valued for its own aspects of that currency. Bitcoin is valued for its decentralization. IOTA, becoming decentralized and listed on all exchanges, will soon also get investment from large companies. It's a matter of time.
francinyvilchez
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Any update?
pablo-hernandez
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@francinyvilchez, No update. Would recommend buying some now and dropping down to 0.51 buy some more. A safer entry only from 1.00, as I believe that from 1, it sets up a trend reversal. But you can risk an entry also at 0.85, but it's a little riskier since you won't have set up reversal. It might just be a bull trap. Purchases should be for the long term only. hold. That is, 1 year or a little more.