IOTA jumps 18% after Trinity mobile beta launch,buy on dips

T

Trading Ideas

Guest

IOTA jumps 18% after Trinity mobile beta launch,buy on dips
IOTA / Dollar (calculated by TradingView) BINANCE:IOTAUSD
FxWirePro

IOTA jumped almost 18% from yesterday’s low of $1.5010 level. The main reason for price jump is due to Trinity Beta Wallet release and UNOPS partnership. Trinity beta wallet is available on IOS and Android, the desktop version is set to be released soon.

Trinity wallet will provide new users with a guide and information in order to avoid problems faced by new users. Others main features are Use friendly interface with security oriented for very easy transactions.

On the higher side, the pair has broken minor trend lien resistance at $1.6500 and a jump till $1.8900 (200- 4H MA)/$2.11.

The near term support is around $1.5700 and any violation below will drag the pair to next level till $1.500/$1.3250.

It is good to buy on dips around $1.68-$1.70 with SL around $1.500 for the TP of $2/$2.11.

Continue reading...