Technical Analysis of Bitcoin, Ethereum and IOTA

In the past few days, the entire cryptocurrency world has found the basic "slip" and the overall transaction is slightly lower, hesitating seems to be the whole theme, without real leadership stepping on the forefront and taking the lead. Therefore, investors/dealers are treated as slightly lower tapes, waiting for further signs of clues/evidence about the direction.

When we monitor movements or lack movements, we can't help but ask, for the sake of clarity, are all eyes stripped of the bitcoin coin and its next directional movement?

Having said that, let's revisit what we said a few days ago (last week) when we described the technical state of BTC and what we need to see in order to make potential moves in either direction.

“We are in a similar position again, forming another potential inverted H&S model with BTC. We asked ourselves the same question today, as we did a few months ago.” Are there too many eyes (including ourselves)? ) Witnessed another replay of the same scene, albeit just a different time? "

We also noticed that “if you move forward at any time, BTC can clear 9768; 9900, and perhaps more importantly, 10,112 levels/second can hold such numbers, and the possibility of developing positive outcomes will certainly provide clues. /Evidence suggests that the second go-around may be just a success." The bitcoin market is unstable.The BTC is indeed the "top" of the 9768 and 9900 levels, however, it cannot break the stated 10,112 level (so far) and is blocked at 200 DMA.

So, has the recent successful attempt to complete the inverted H&S model lead to failure?

Although some people may think that the answer to this question is affirmative, we are digressing and continue to believe that it is still too early to declare the recent action failure.

So while the highest levels we noticed (9768; 9900 and 10,112) still need to clear the barrier, we need patience while waiting for the verdict and allow extra time to make the model work beneficially, or witness another disappointment from the short-term From the perspective.

Although BTC continues its model waiting to be resolved, eth coin is currently finding itself in a better state of technology: we can see that ETH is higher than 20/50 and 200DMA, respectively, which indicates that the technology is in good shape.

Finally, last week we caught the reader's attention to IOTA coin, where we believe that this action requires your attention and the eye as a potential move, can be viewed here

We noticed that "if the IOT can be above the $2.24 figure in the next few days and "stick" to any point, then the possibility of rising to the level of $2.65 becomes a viable possibility if things do warm up to the next level at 3.20 The US dollar, and the $1.85 level (20-DMA) is both your guide and potential short-term support. "IOT has indeed moved to the "top" level of 2.24 and passed the "Go" directly and entered our price target of 2.65, fast 30% of mobile prints a day's high of 2.69.

Despite this, from a technical point of view, the actions in the Internet of Things are still very favorable, and investors/dealers may wish to continue to monitor the IoT's forward-moving actions because we suspect that the 3.20 level may be in the not too far away situation. Play "the future.

To sum up, we are waiting for the solution developed by the BTC model and where the wind will blow, while ETH and IOT continue to show favorable technical prospects.