IOTA nearing 4.50 support, watch for reversal to 5.60!
Where will iota rebound from?
4.50 will become too attractive a price point and IOTA has steadily maintained itself between 4 and 5 dollars lately. I would have to miss out on one of the hottest altcoins at that price when the next ATH target is 6.0.
If the 4.5 support breaks then the next candidate for reversal would most likely fall somewhere around the bottom (red line) support on the bullish channel. You can see the channel supporting the last rebound @ 3.70 yet most of the volatility is seen on the same support (red line).
4.50 will become too attractive a price point and IOTA has steadily maintained itself between 4 and 5 dollars lately. I would have to miss out on one of the hottest altcoins at that price when the next ATH target is 6.0.
If the 4.5 support breaks then the next candidate for reversal would most likely fall somewhere around the bottom (red line) support on the bullish channel. You can see the channel supporting the last rebound @ 3.70 yet most of the volatility is seen on the same support (red line).
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