Stuck in the Channel
In our last update we saw IOTA become stuck in an incredibly long time..... and its still going. Since Christmas Day, price has been stuck between $3.00 and $4.25 and has gone back and forth, bouncing off supply and demand zones at least 7 different times. However, this time we have an opportunity to get into IOTA at a great price.
Buy Opportunity @ $3.00
As price bounced off the supply zone @ $4.00 yet again, we're seeing a downward trend towards the $3.00 structure, which creates a nice buy opportunity for investors who want to get back into IOTA at a good price. There is a nice trend line and reaction point at the demand zone on the trend line break. Wait for the trend line to break before entering a buy order back towards the supply zone, but be wary of the breakout below the demand zone.
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