IOTUSD; Breakout? Watch 2.15 and 1.94
A convincing break above 2.25 can trigger a rise toward 2.78 is what I stated in my last comment on this coin.
The close yesterday 1 cent above 2.25 cannot be called convincing while sellers are around against the upper Bollinger line thus far today. Have to keep a close eye on support levels today, starting with 2.15. If bulls can defend there and produce a bounce with another 2.25+ close (some distance) the idea holds up.
Getting value below 2.15 intraday may see a drop toward 1.94, the Bollinger midline. You do not want to see a shooting star today if you are a short-term bull.
So, have to see some defending today at support levels to keep momentum going.
The close yesterday 1 cent above 2.25 cannot be called convincing while sellers are around against the upper Bollinger line thus far today. Have to keep a close eye on support levels today, starting with 2.15. If bulls can defend there and produce a bounce with another 2.25+ close (some distance) the idea holds up.
Getting value below 2.15 intraday may see a drop toward 1.94, the Bollinger midline. You do not want to see a shooting star today if you are a short-term bull.
So, have to see some defending today at support levels to keep momentum going.
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