BUY SIGNAL ON IOTUSD. NEW UPTREND COMING SOON?Hello traders, follow and comment if you find the analysis useful.
Ater two months (September and October) testing supports and resistances within a channel between $ 0.23 and $ 0.295, prices broke the trendline reaching $ 0.43 before a new drop.
The MACD indicator provides a signal of the beginning of a new uptrend that we try to seize hoping that the IOTA projects will consolidate in the coming weeks by projecting the prices of the crypto towards the psychological target of $ 0.5.
If the positive signal of the indicator does not reflect on prices in the short term we could foresee a new period of low volatility in downtrend.
