BerlinTrader591

IOTA Could Double from Here

Long
BITFINEX:IOTBTC   IOTA / Bitcoin
IOTA against Bitcoin coming to the point of this consolidation pennant on the 4 hour chart.

The price has a history of bouncing off of th 200 moving average, and it is also holding above the support level that goes back to the summer.

If we break out of the upper trend line resistance level from this consolidation range, then we can be long against Bitcoin .

Target will be former recent highs at .00032 and eventually former all time highs at .0044
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