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IOTA (MIOTA) – September 15 for BINANCE:IOTAUSD by readCrypto

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(IOTAUSD 1W Chart)

If the price is maintained above the 0.57391761-0.70752520 range, we expect the uptrend to continue.

In particular, if the price is maintained above the 1.20630784-1.70386253 range, it is expected to create a new wave.

(1D chart)

We need to find support near the critical 1.40242016 point and see if we can continue the uptrend.

If it goes down, you should check to see if it finds support at the 1.07896204-1.20630784 zone.

If it falls in the range of 1.07896204-1.20630784, it may fall below the 0.79672550 point, so Stop Loss is required to preserve profit and loss.

If it moves above the 2.01140741 point and breaks out of the downtrend line, the uptrend is expected to accelerate.

It is important to be able to break through the resistance section formed in the 2.33397396-2.48227711 section strongly upward.

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(IOTABTC 1W chart)

If the price maintains above the 2993 Satoshi point, it is expected to break out of the consolidation zone and turn into an uptrend.

However, in order to create a new wave, the price must rise above the 6200 Satoshi point to maintain the price.

(1D chart)

If support is found in the 3231 Satoshi-3524 Satoshi section, the uptrend is expected to continue.

If it goes down, we should see if it finds support at the 2993 Satoshi point.

If it falls from the 2993 Satoshi point, a short-term Stop Loss is required.

If it falls in the 1768 Satoshi-2061 Satoshi range, it may enter the mid- to long-term investment area, so careful trading is required.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.

(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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