IOTA had an incredible rush to new ATH. A consolidation on this level is not too surprising.
As other cryptos it had a big volatility in the past 2 days. But in difference to those it hasn´t fallen as deep (relatively).
So there is still enough strength in it.
The course in general is in a bullish pattern and perhaps it is now forming a symmetrical triangle.
It should have a breakout to the top, but if sentiment is weakening it also could fall back on the fibb level 100% (old ATH) - or beneath.
MACD and RSI are in neutral terrain.
As other cryptos it had a big volatility in the past 2 days. But in difference to those it hasn´t fallen as deep (relatively).
So there is still enough strength in it.
The course in general is in a bullish pattern and perhaps it is now forming a symmetrical triangle.
It should have a breakout to the top, but if sentiment is weakening it also could fall back on the fibb level 100% (old ATH) - or beneath.
MACD and RSI are in neutral terrain.