BINANCE:IOTAUSD   IOTA / US Dollar (calculated by TradingView)
so as you see IOTA in downtrend
its one of few L1 projects with a massive momentum but didn't start its bull run yet
this could perform like ADA last year

They have so many upcoming catalyst
-The IOTA Foundation has been selected as one of five contractors for the second phase 2A of the pre-commercial procurement that will be developing prototypes and test which of those could bring the most promising improvements to future versions of the European Blockchain Services Infrastructure (EBSI).13‏/01‏/2022
-their upcoming shimmers network release it will bring smart contracts to IOTA where dapps like DEFI and NFT is possible and FEELESS imaging minting these useless trash JPG NFTS by free wow!

Now lets talk about TA
the price bounced from ATL formed after the mega bear market of alts in 2018
thats the lowest risk to enter where the ATH is 40x from that point and your SL is 10% below the all time low.

IOTA should be considered as investment not a day trading I dont see many other L1 projects with momentum and bullish reversal charts
except IOTA and MINA protocol
MINA: I am waiting for 0.5 range

anyway guys I hope this bear market wont last longer

good luck!


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