a simple update from my last graph ( here : tradingview.com/chart/IOTUSD/joTrqPTR-IOTAUSD-double-top-bearish-correction/). Iota seeem to be engaged in a strong impulsive downtrend. Time will tell if we are going more extended triangle correction (yellow) or impulsive downtrend (orange). AS for now impulsive down trend seem to take the impulsive correction pathway
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looking for a triangle correction. maybe upcoming news will have an effect on the projection but still sticking with a flat correction or downtrend. Iota seems to make an ABC correction pattern which normally lead to a triagnle correction pattern. so lets see !
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IOTA seem to have engaged in a lateral or called 'flat' correction which is extended in time with little variation in price. This shows that people that recently bought the up hold their assets.