Awaiting for confirmation on support on Lower High. Short.

17 באוג׳ 2018

As expected 4H formed a Channel Down that has now found support (RSI = 48.008) near the projected first curve shape as it approached the November 02, 2017 low. 1D is now on a critical short term level where if today's 4H Lower High breaks then the price will most likely rise within the 1D Channel Down (RSI = 30.058, MACD = -0.139, Highs/Lows = -0.0860, B/BP = -0.2131) to make a Lower High near 0.6700. In both events (break or rejection) we expect IOTUSD to hit the TP = 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.