I take on IOTA is that it's in a descending triangle. There have been several rebounds, yet the last one didn't even touch the resistance. Today, IOTA is seeing a small jump. In my opinion, this is a technical rebound (see indicators) from oversold conditions.
I think it's likely that IOTA will break down the support to test the original trendlines before craziness began.
2.6 & 1.9 are two possible entry levels.
I think it's likely that IOTA will break down the support to test the original trendlines before craziness began.
2.6 & 1.9 are two possible entry levels.
Nota
Strong breakout. It's not going to the levels I predicted again. Some resistance at the previous ATH. It's way overbought but that's not enough reason for IOTA to fall. Short-term it can really go both ways.Buy on breakout and hold. This one has a bright future.
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