IOTA has formed a Cup and Handle Pattern as well as a Symmetrical Triangle Pattern on the daily chart.
I have always been bullish on IOTA as it unique from most Cryptocurrencies in the sense that it uses Directed Acyclic Graph technology as opposed to using Blockchain.
Since each user of the IOTA network has to verify two transactions before theirs is verified, scale ability is unlimited because the network gets faster the more users there are (as opposed to blockchain where more users on the network can slow it down).
If IOTA follows and breaks the Cup and Handle Pattern, and breaks the upper resistance of the triangle, we should see IOTA take off.
I have always been bullish on IOTA as it unique from most Cryptocurrencies in the sense that it uses Directed Acyclic Graph technology as opposed to using Blockchain.
Since each user of the IOTA network has to verify two transactions before theirs is verified, scale ability is unlimited because the network gets faster the more users there are (as opposed to blockchain where more users on the network can slow it down).
If IOTA follows and breaks the Cup and Handle Pattern, and breaks the upper resistance of the triangle, we should see IOTA take off.