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Iota Ascending Triangle. $0.5 soon? #IOTAUSD

Long
IOTA (BITFINEX:IOTUSD)  
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BITFINEX:IOTUSD   IOTA
Trend Analysis Chart Patterns IOTA iotausd Ascending Triangle
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trendanalysis chartpattern iota iotausd ascendingtriangle
Iota is at the top of an ascending triangle ready to break upwards.
Comment:
Price has dropped out of ascending triangle suggesting a further drop from here.

snapshot

This is crypto though...so anything could happen.
Comment:
On second thoughts.. let's look closer at RSI and MACD.

snapshot

It looks like the fireworks are scheduled to go off at UTC 00:00 23rd May

Let's see!
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Bitcoin just dumped $500 chasing iota to really breakout downward from the ascending triangle. MACD and RSI still looking bullish. So let’s see..
Comment:
Iota is officially oversold.

snapshot
Comment:
Down and down we go. I guess the break from the ascending triangle earlier today was our answer.

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IOTA at most oversold since inception.
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