S-Axiomatic

IOTA short consolidation & news

BITFINEX:IOTUSD   IOTA / U.S. Dollar
BITFINEX:IOTUSD             has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD             has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD             has been going down.
I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will develop now and where it will get us.
We could see on the chart that IOTA broke the 2 $ resistance line, but not long after, it came back to where it was. It is staying solidly around the line of 1,95$-2,02$, which is a good sign.
This is just a small consolidation, then we will see next up.
We could see the three following resistances, 1st at 2,20$, 2nd at 2,60$ and the third could possibly just be a fake breakout, so we should be careful about it.
But first, let's see how things will develop with the first resistance line because it is the most important one.

News:
Official Bosch Press: Bosch turns Chinese cities into SmartCities with IOTA!
https://twitter.com/iotatokennews/status/968500692343279617

Events are as it follows:
1 March 2018 - Founder of IOTA speaking at an online conference - Crypto Virtual Summit.
14 March 2018 - SXSW Conference - Dominik Schiener will be speaking with Ayelet Noff about building a machine economy with IOTA.
16 March 2018 - Business Plan at BBCTokyo - Presentation of business plans at the Blockchain Business Camp Tokyo.
31 March 2018 - Partnership w/ AV testbed - "Q1/Q2 2018 is when we start announcing some of the partnerships for AV testbeds.".
31 March 2018 - Trinity Wallet Beta.
Trade closed manually: BTC is looking forward to retest 10000$, so we could aim to buy IOTA at lower prices.
Trade active: Looks it will try to stay above 2$ again soon !
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