Hey guys, IOTA, just like brothers ETH and NEO, built a Head & Shoulders reversal, confirming with the break of the neckline at $1.06
It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet.
But nevertheless we're in a beautiful equilibrium on the Daily, with our Highs at $1.25, Lows at $0.93, and now Lower Highs at $1.20 => We're now looking to form yet another Higher Low: A break here will be definitive.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet.
But nevertheless we're in a beautiful equilibrium on the Daily, with our Highs at $1.25, Lows at $0.93, and now Lower Highs at $1.20 => We're now looking to form yet another Higher Low: A break here will be definitive.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing it daily! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.