Welcome to our IOTA course Update for Saturday. Let’s have a brief look at the current price of IOTA throw, and its price development.Currently, the IOTA rate is quoted a price by a good $ 0.30 USD and recorded an increase of 4.89% in the last 24 hours. The IOTA course is continuing its strong Performance of recent days, but where is the journey going?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.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 rate behaves as predicted
Since my IOTA rate analysis from the 07.09.19 and the mention that it is for the beleaguered IOTA course is a light at the end of the tunnel, was able to record the IOTA course, a value increase of around 43% in US dollars.In the said analysis, I have written on the assumption that the price development is moving most of the time in a unique Range, and his ground at last found could have.
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.
In my IOTA rate analysis from the 18.09.19 I have also pointed out that despite the previous strong upward swing of the IOTA course has further room to Grow. Since then, the price has increased a further 10 per cent, so we have to ask ourselves, what’s next?
What’s next for the IOTA course?
We take a look at the 4 hour Chart and look at the current Situation.Source: TradingviewWie you can see, the IOTA course straight in the direction of the upper trend line of the channel. Currently, he has a nibble, however, at the 0,30-0,31$-brand.In the future, there are two scenarios that I consider most likely:The IOTA course it is possible from his channel break out, and he will compete with the 200 MA line on the daily Chart. At this point, time will tell whether the IOTA course, a trend reversal will occur or not.The IOTA course is the latest to follow in the case of 0,33-0,34$ to get the gradient of the Trend-channel, so we have to expect a further price decline with a new low points.
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