I am a firm believer in IOTA. The potential for this coin is tremoundous. Despite the recent news of new members to the foundation, the price isn't budging much. It came close to shooting past the cup and handle formed in December but did not sustain. It also started the long wedge we have now. With no volume support, it could not sustain the pressure and the double bottom failed on Jan 17 and even lower on Feb 6.We are showing consolidation with an increase in volume. Failed to pass the Green trend line at 1.53.Key support is .92 and resistance is 1.25. If we cant hold i would say .75 would be the next support. Stay tuned for more updates.
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Well, It finally happened. BTC spiked and alts followed. With a jump of $1200 in less than an hour on a big volume spike. That being said, IOTA broke the $1.25 and now testing $1.35. IOTA could test $1.50 or higher. I will eventually post a binance chart for IOTABTC. Hard to see on this chart but we have a cup formed that broke the resitstance line. This could be big and we may see $1.75 -$2.00
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Also note we broke the descending triangle.
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Another thing I noticed looking at various charts is that on or before March 17 we had an overall market spike. BTC wasn't able to hold but these did and then some IOTA BNB and XVG to name just a few. Makes you wonder, why?
BTC -13% IOTA + 37%, BNB +107% and XVG 218%. in less than 30 days And now today.
BTC -13% IOTA + 37%, BNB +107% and XVG 218%. in less than 30 days And now today.