The chart should be self-explanatory enough. In brief,
Interestingly, during its previous P&D 10D & 30D EMA crossed at .618x, too. There's little reason to believe the bleed will stop, but the opportunity to get out would be when 10D touches 30D (end of B).
My mistake in thinking this isn't a P&D coin.
I think as BTC stabilizes, iota will go to $3. Then, bad news will hit.
Why did I hear so many people speak highly of it?
- A to current level
- B to .5x fib
- C to under .236x
Interestingly, during its previous P&D 10D & 30D EMA crossed at .618x, too. There's little reason to believe the bleed will stop, but the opportunity to get out would be when 10D touches 30D (end of B).
My mistake in thinking this isn't a P&D coin.
I think as BTC stabilizes, iota will go to $3. Then, bad news will hit.
Why did I hear so many people speak highly of it?
Note
It appears that they've solved their troublesome "wallet" problem. This chart I still think is valid.
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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.