CryptoSphere_TC

IOTA: IS THE HIBERNATION OVER?

BITFINEX:IOTUSD   IOTA / U.S. Dollar
After a huge bearish phase, the price has generated a simmetric triangle that is to be seen as the result of the congestion of the fluctuations. Both R.S.I and Stochastic haven't reached the overbought zone. However, I suggest paying attention to possible bearish crosses in the aforementioned second oscillator. The breakdown of the support or of the triangle resistence will give rise to a strong directional movement . This one will be matched with a growth of the volumes which have been flat so far. That fact means that the trade is facing a contraction and reload phase, then entering a high volatility area. We may get surprises.

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