#USUAL Bullish General trend for the next five days:
The trend is cautiously bullish with a possibility of a temporary correction. Indicators support the upward momentum, but the price's proximity to overbought areas may lead to a correction towards support.
---
Important levels:
Resistance: 1.4471 (breaking it will push the price towards 1.50).
Support: 1.2248 (potential correction area).
---
Expectation:
1. Days 1 and 2: Continuation of the rise and testing the resistance 1.4471.
2. Days 3 and 4: Possible correction towards the support 1.22-1.23.
3. Day 5: Resuming the rise if the price stabilizes above the support.
---
Recommendations:
Buy when breaking the resistance 1.4471 (target 1.50, stop loss 1.40).
Buy on correction towards support 1.22-1.23.
Follow news and market movement daily to adjust strategy.
IOTA (IOTAUSDT) Surrounded by Positive Pressures - Analysis - 12-25-2024
The price of IOTA (IOTAUSDT) stabilized on the rise during its recent trading at the moment levels, supported by its continuous trading above its previous 50-day simple moving average, and under the control of the main upward trend in the short term, as we notice amidst this the beginning of positive signals in the relative strength indicators, after reaching areas of severe saturation with selling operations, and in an exaggerated manner compared to the price movement.
Therefore, our expectations indicate an increase in the price of the currency during its upcoming trading, targeting the first resistance levels at $0.4495, as long as the support level of $0.2528 remains stable.
The expected direction for the upcoming trading: Upward $IOTA
Trend: Bullish conditional on stability above the $3,400 support level.
Key levels:
Support: $3,400.
Resistance: $3,600, followed by $3,800.
Technical indicators:
RSI: Close to 70 (overbought, possible correction soon).
MACD: Bullish crossover supports the continuation of the uptrend.
Recommendation: Buy on a clear break of $3,600 and target $3,800, with a stop loss at $3,400.
Long term (3-12 months):
Trend: Positive as long as the price remains above the 200-day moving average (SMA-200).
Key levels:
Long-term support: $3,200.
Long-term resistance: $4,000.
Recommendation: Hold open positions with gradual buying on any pullback towards $3,200, targeting $4,000 or higher.
Summary:
Near-term: Upward momentum with a slight correction potential.
Long-term: The trend is positive with growth opportunities especially with the support of technical updates and increased reliance on the Ethereum network.