As we wrote in the previous review on IOTA, the loss of support at $ 3 led to the transformation of the upward trend into a downtrend.
And now, the fall from the $ 3 mark exceeded 50% by yesterday
However, the level of $ 1.5 is insignificant and is unlikely to stop the strong trend.
The area of dense hatching on the daily chart starts from $ 1 and more reliably from $ 0.5
Thus, the rate is likely to return to the sources of its amusing growth, before there is a chance not for a short-term rebound, but for a reversal of the falling trend.
Sell.
And now, the fall from the $ 3 mark exceeded 50% by yesterday
However, the level of $ 1.5 is insignificant and is unlikely to stop the strong trend.
The area of dense hatching on the daily chart starts from $ 1 and more reliably from $ 0.5
Thus, the rate is likely to return to the sources of its amusing growth, before there is a chance not for a short-term rebound, but for a reversal of the falling trend.
Sell.
