1) Healthy upward movement from the 0.5 fib 2) We are heading out of the Ichimoku cloud 3) The RSI is finding its balance after the last ATH, and seems to gather strength
If these signals keeps strengthening the coming days, we might soon see a new surge in IOTAs price towards the 1.618 fib around $9. Taking into consideration IOTAs strong fundamentals and future announcements that has been talked about by the IOTA team, we might be in for a hell of a ride!
If you have objections to any of my points, please leave a comment. I'm always open for opposite viewpoints and I'm still learning. When I published my last idea on IOTA, I failed to look at the big picture and got stuck on smaller time scales. Lesson learned.
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Bitcoin took another nose dive tonight, and brought with it many alts, including IOTA. Still IOTA did not break down under the ichimoku cloud, and we are already safely above the 0.5 fib. IOTA also seems to strengthen somewhat against BTC.
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We are still inside the ichimoku cloud, but IOTA is slowly strengthening against BTC. We are getting closer to a possible upswing, which could be triggered by news from the IOTA team. I expect more action during next week.
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BTC once again ruined the fun. Updated comments here: