Crypto Screener › Forums › Iota (MIOTA) Forecast – Technical Analysis › Iota (MIOTA) Forecasts – Technical Analysis – December 2017 › Reply To: Iota (MIOTA) Forecasts – Technical Analysis – December 2017
IOTA has been treating us nicely with a epic little run up to the $3 zone, it looks like the market might be in for a correction, short term speaking. The current trend is bullish and we could see new highs instead of correcting.
We can see that the RSI has been hanging around in the overbought territory, which means a correction could be on its way. The ichimoku cloud is telling us that the high can get tested again and push the market even higher.
If the prices can’t push above $3.6 and consolidate higher we are in for a correction.
Short term support levels is at $3.2 and $2.8. Should these levels break, be patient and wait for even cheaper prices.