It seems IOTA may have broken out of the downward trend.
Although other crypto's are currently in an upward pattern, I do believe they will eventually continue to go downwards (BTC, ETH). IOTA did breakout of the original downward pattern and is going to a possible wedge pattern of consolidation. It may still take a slight dip in the next few days but I don believe that this will be changing patterns and will be in an upward trend only experiencing resistance at the Fibonacci retracement levels, and the 50 & 100 day SMA's.
Although other crypto's are currently in an upward pattern, I do believe they will eventually continue to go downwards (BTC, ETH). IOTA did breakout of the original downward pattern and is going to a possible wedge pattern of consolidation. It may still take a slight dip in the next few days but I don believe that this will be changing patterns and will be in an upward trend only experiencing resistance at the Fibonacci retracement levels, and the 50 & 100 day SMA's.
Trade active:
We are starting to see a formation of a support line upwards (blue line). Good news and if it continues to act as a support, we may see a sharper incline upwards.
Comment:
A head and shoulders pattern is forming. Could mean a slight dip and then upwards.
Comment:
Head and shoulders pattern continuing to form.