IOTA USD - bullish reverse Head and Shoulders forming
IOTA major announcements are probably just a week or two away. IXI HUB plugin developed by a team which has made setups for Forex exchanges will allow over 5 new exchanges to add IOTA just per plug&play. New wallet is finally coming out and more announcements to follow. Bosch has acquired IOTA tokens and wants to use them. Giant companies are joining the IOTA alliance. Porsche, Volkswagen, Bosch, Deutsche Telekom, Cisco. The only other coin with such fundamentals is Ethereum which has a way larger market cap. I see IOTA generall around 15 USD or higher in 2018.
Also on daily chart we see some bullish divergence in MACD and IOTA is pretty oversold, while in IOTBTC we can see a tightening of the Bollinger Bands which just waits for a catalyst to break out.
Also on daily chart we see some bullish divergence in MACD and IOTA is pretty oversold, while in IOTBTC we can see a tightening of the Bollinger Bands which just waits for a catalyst to break out.
Comment:
Update:
RSI on daily is oversold while MACD is crossing to bullish after bullish divergence.