nico14

IOTA: Stalling of the Pump. But for how long..?

Long
nico14 Updated   
BINANCE:IOTAUSDT   IOTA / TetherUS
Technical (TD Sequential):
2M
  • Last candle close formed a Red 9 and has been confirmed by a +75% pump, long term bullish

2W
  • Currently forming a green 9
  • EMA/SMMA cross up, bullish, but will probably pull back first

3D
  • Last candle close formed a green 9
  • Holding so far in the channels equilibrium
  • Seems strong but stalling short term, pump needs to take a breath,


Fundamental
  • Chrysialis Upgrade Part One was just released and the network runs currently on a stable 50 - 70 CTPS / <10s confirmation Time (!) at the moment - feeless obviously.
  • IOTA releases a lot more stuff until the end of the year: Roadmap

Conclusion
  • I expect a short pullback (for ~2-3 Weeks)
  • I expect a pullback to the 0.30 - 0.35 area
  • The best has still to come according to 2M chart and fundamental analysis
Comment:
Another Idea / Approach:


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