Welcome to a small Update to our IOTA rate analysis this week. As it stands just to the IOTA course? Learn everything you need to know in just a few lines.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Contents
IOTA course: that’s what we agreed
In my last analysis I noted already by means of the MIOTA/BTC-daily Charts the fact that the IOTA course loses to Bitcoin for a long time steadily in value. Currently, the IOTA course is moving in a downward trend channel, with the almost parallel trend lines.Source: TradingviewDer daily Chart also shows that the 200-MA line (red) represents significant resistance. It is not the IOTA course, to establish the 50-MA line (green) as a support.I already wrote on Monday, that it looks at the moment then, as if the 50-MA line will push the IOTA rate against Bitcoin slowly but steadily down. So it happened also. Since the publication of my analysis on crypto Monday, the IOTA rate has fallen from approximately 2.430 currently 2.246 Satoshi and lost compared to Bitcoin of just under 7.6% of its value.As the 1h Chart shows, is the IOTA course at the moment knitting under the 50-MA line (green) and test their resistance.You don’t want to buy Bitcoin, you know, but where? To decide the right provider is not always easy. Therefore, we recommend that you take the time to look at our Bitcoin Broker & exchanges comparison. Often several providers are already required to really get all the Cryptos to cover. See for yourself: Bitcoin Broker & stock exchange compared with that now read.
A ray of light for the IOTA course?
We zoom back a bit and look at the 1d Chart, we clearly see the downward trend-channel that drives the IOTA course ruthless compared to Bitcoin more in depth.We look at the IOTA/USD Chart, we see that the IOTA rate moves since the end of November 2018, most of the time, in a price range between about 0.21 and $ 0.32. Currently, the IOTA course, a 0.23 U.S. Dollar.The probability is therefore high that has found the IOTA course, its floor soon, and a lucrative opportunity offers. Should this be the case, it could be very well possible that the IOTA course is to move, according to his custom, again on the $ 0.32. As a result, a large rate increase of up to 50% in US dollars would be possible.The IOTA course should fall, however, considerably below the more than 0.21 US-Dollar-mark, that could be for the future price of the course is fatal. We have to hope for the Best for all of IOTA investors and wait eagerly to see what will happen in the next few weeks. I will keep you in any case continue to be up-to-date.
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