The popularity of cryptocurrencies has been unflagging in recent weeks, the entire market is worth over USD 500 billion. In daily analyses, we will look at the most popular currencies and you can use the opportunities that occur by trading on the Polish BitBay exchange.
IOTA
There is no trace of the December bullish blow, because the rate has already fallen in the area of 1 dollar. Internet of things, or just IOTA, responds well to the circular price regions and moves to create “steps”. The above-mentioned level of $ 1 is its lower limit, and earlier at the price of $ 2 there was a longer consolidation, in the same way at $ 3 etc …In addition, there is an external harmonic formation with a reaction point D, which in a mature downward trend may suggest a reversal. Currently, the first growth attempt has ended at 1.5 $ and the price is heading back south. I would consider buy, with a potential target of at least $ 2.
A review of events and analyzes from the world of cryptocurrencies is made in cooperation with the Polish BitBay stock exchange offering free accounts for trading on digital currencies. Acquaint yourself with the BitBay offer and start trading on BTC and altcoins now.
