Blorenz
Long

IOTA - An Out-Performeer In the Coming Weeks

BITFINEX:IOTUSD   IOTA / U.S. Dollar
If you look closely here, BTC is on the chart in the background, showing that IOTA has the potential to make up some serious ground against BTC , given a healthy bitcoin scenario. It is close to breaking out of a descending wedge , which would easily re-value it back to $1.00. Some big moves popping off in the market (XRP last week, BCH today and many others) bringing that fomo sentiment back into the market.

Still have to manage risk carefully, but the bull case is looking promising.

Best of luck, hit the the thumbs up.
Sep 27
Comment:

30% upside to the 100 MA makes sense to me. A good pull back from here is likely.
Agree with the triangle, could be a strong breakout, I am just not that sure in which direction after the large IOTA dump some days ago (which has been well absorbed). Where would you enter? On breakout of the triangle at 60 cent?
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the decision time is here
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