IOTA price analysis and forecast (Tuesday, August 14): A short-term correction may occur, a long-term recovery is uncertain

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A further slide-down to the level of $0.4 before a bounce back to the level of $0.45 is foretasted to happen with IOTA price

The chain of red candlesticks is temporarily halted by the formation of the Pennant pattern within M15 price chart. Any breakout signals out of the pattern will allow us to know about the upcoming IOTA price movement. The cryptocurrency price has touched each side of pattern twice, which means some breakouts can happen soon.

IOTA price, IOTA price analysis, IOTA price forecast, USD, cryptocurrency, top 10 cryptocurrencies, major cryptocurrenciesIOTUSD M15 14082018

According to chart H4, the IOTA price is following the downtrend, which has occurred twice since the beginning of August. Therefore, we expect that a short-term correction may take place after consecutive bearish candlesticks formed yesterday. A further slide-down to the level of $0.4 before a bounce back to the level of $0.45 is forecasted.

IOTA price, IOTA price analysis, IOTA price forecast, USD, cryptocurrency, top 10 cryptocurrencies, major cryptocurrenciesIOTUSD H4 14082018

Written by nami.today

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