So whats happening with IOTA cryptofelix ?
Firstly, the blue has been used as a support in the earliest and latest bull rally. This means we must give this some sort of importance. We also have a descending from the peak that IOTA has hit at 6$, and this has often acted as a resistance and a last frontier for the bulls. We are nearing this descending and price could even spike to as high as 2.2$ during a bull market (if for example bitcoin fixes up a bit) before declining again. Never the less, i am not personally in favour of this option as i feel its highly unlikely and BTC Behaviour still has huge tendencies - i am more in favour of a decline to 6.9k on that frontier.
The more realistic option would be that we get a rejection from current price and stick to this formation we have had for quite sometime. Moreover, at the roof of this we also meet the moving average which has also acted as a resistance. Price will most likely be dropped to the 1$ point again - at this price we meet the blue which has acted as support since 0.33$. is also showing signs that a rejection is likely at this price. so is which is indicating that we are at a pivotal point and the bulls and bears war could be won at current point but we are bears for now.
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