IOTA Coin Losing Battle to USD

Iota steady decline continues as no major corrective moves upwards have been witnessed. It seems like a steady decline which is yet to continue. This week, after reaching the low at $0.32, IOTA/USD corrected slightly rejected the 23.6% Fibonacci retracement together with the 200 Moving Average.

Although it could range, for the time being, it remains very likely that it will at least retest the low produced on the 21st October or could go even lower, to test 127.2% Fibonacci retracement level.

Those who are looking at this coin for investment purposes, perhaps the timing is not best and break above the $0.5 could give IOTA some strength.



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