FlaviusTodorius67

IOTA at critical resistance, upside break possible

BITFINEX:IOTUSD   IOTA / U.S. Dollar
Now that BTC went bullish , a lot of alts will also see some strong upside potential.

IOTA looks kind of interesting, because it made a giant bullflag since the bearmarket started.
Also, it is now resting shortly below the daily MA200 and the logarithmic downtrend resistance.

It now depends on BTC . If BTC continues to rise to 6500, IOTA will break through the resistance and certainly go to the next resistance, at around x3 the current price.

If BTC corrects before making the next leg up, IOTA will do the same, and break the downtrend channel in the next try.

This coin seems quite interesting, because it hasn't pumped a lot as compared to its low and is therefore currently undervalued.
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