Is There Any Cure for IOTA’s Price Losses? (IOTA Price Analysis For March 18, 2019)

No comments
Spread the love

On March 16, 2019, the price of IOTA (IOTA) reached a high of nearly $0.32. It has been on a gradual downtrend since. Here is the price outlook for the period of Mar 16 through Mar 18:

Our analysis of IOTA on Mar 13 predicted that price would increase and result in a breakout above resistance. Our prediction was validated the following day. According to today’s analysis, we predict that IOTA will likely continue trading within a downward facing channel. This means gradual losses for the foreseeable future. Highs within the channel may still be experienced; however, they are expected to grow successively lower over time. In the case of a breakout or breakdown, we assess that a breakout is more likely—which means the possibility of a reversal and rapid price increases.

Source: Is There Any Cure for IOTA’s Price Losses? (IOTA Price Analysis For March 18, 2019)

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.