IOTABTC has taken a beating for a while now. While I am long-term bullish about projects attempting to monetize the IOT revolution, in the short-term we have seen IOTABTC slip. There's an obvious downtrend channel since the beginning of the year, with a shorter-term downtrend channel shown in grey. The short-term channel is shown by running a linear regression on of the oversold and overbought points. Recently, we've broken below this channel. I'd like to see a recovery back into the channel. If we don't see that, we'll see a strong continuation of the 2 month downtrend channel. I'll keep this updated, as I'm considering selling off and taking some losses to free up funds in the short term. I'd like to hear your thoughts on
IOTABTC, especially if you're trading/looking to trade! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Note
Don't get spooked, we're very oversold here and we'll see the price recover a bit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.