IOTA Trading Update 01/15/18 - Buy Opportunity @ $3.00 while Price stays in the Channel!
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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