Iota Ascending Triangle. $0.5 soon? #IOTAUSD

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Iota is at the top of an ascending triangle ready to break upwards.

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Price has dropped out of ascending triangle suggesting a further drop from here.



This is crypto though...so anything could happen.

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On second thoughts.. let's look closer at RSI and MACD.



It looks like the fireworks are scheduled to go off at UTC 00:00 23rd May

Let's see!

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Bitcoin just dumped $500 chasing iota to really breakout downward from the ascending triangle. MACD and RSI still looking bullish. So let’s see..

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Iota is officially oversold.

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Down and down we go. I guess the break from the ascending triangle earlier today was our answer.