Description
⋅ 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.
This is crypto though...so anything could happen. Comment
⋅ On second thoughts.. let's look closer at RSI and MACD.
It looks like the fireworks are scheduled to go off at UTC 00:00 23rd May
Let's see! Comment
⋅ 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.
Comment
⋅ Down and down we go. I guess the break from the ascending triangle earlier today was our answer.