MIOTA/USD Leads Top 20. Any Chances to Uptrend?

Hi there!
IOTA has added more than six percent in the past 24 hours and is the true leader of Friday. The currency pair still holds bearish moods as the price is not far from the red descending trend line. Bulls are trying to change the situation by making a soft correction.
The currency pair has managed to cross the red midterm descending trend line and reach the closest resistance area at $1.5733 in the past 48 hours. However, buyers were unable to develop the progress higher as MIOTA/USD retreated from this resistance area towards the red midterm descending trend line. The price is close to this line currently and there are the following ways:
1. Red scenario (bearish). The currency pair will break through the trend line and move towards the closest support area at $1.4070, which coincides with 2.618 retracement level. If successful, bears are able to push the currency pair even lower.
2. Orange scenario (neutral). IOTA will jump off the trend line and move towards the closest resistance area at $1.5733, which coincides with 1.618 retracement level. There, bears will regain control over the market and push MIOTA/USD lower, towards the red trend line.
3. Green scenario (deeper bullish correction). IOTA will follow the orange scenario first, but will be able to cross the closest resistance area at $1.5733 and move higher.

Check the full crypto analysis HERE.