IOTA (IOTA) Market Update for Feb 18, 2019

Feb 18, 2019 --- Altcoins

IOTA (IOTA) Market Update for Feb 18, 2019

Daily Chart


IOTABTC is once again trying to break above the top of the OTE long zone, this time on a bright green SCMR signal and a bullish candle formation, which is improving short-term market structure and is moving price above the flatlined 50 SMA, all good signs for the bulls moving forward. So are the EMA's which are currently turning back to bullish, the momentum oscillators which are trending higher with some room to run still, the volume indications which remain strong overall, and the Ichimoku Cloud which is still slightly bullish out in front of the market, so we think a move up to the bottom of the OTE long zone and falling 200 SMA around 0.080 is likely before the bears return in earnest once again.

We have closed the remaining portion of the LONG position off of the 0.000071 level at the final target of 0.000078 for total profit of +7.04%.

ENTERED @ 0.000071; CLOSED @ 0.000078

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