Hey guys, IOTA is at an important channel support right now, with the lower wick at 1.13. This channel support is upholding since 6/30, and a break here together with granpda BTC would be decisive. We're right now still holding 26 EMA both in IOTA/USD, as also in the direct correlation of IOTA/BTC. There we have established a support line around 0.000175 => Once we break bearish, IOTA would be more leveraged than BTC. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
To the upside we have reached the same Highs as on 6/19 with 1.25. We'll have to develop some strength to break that.
All in all, an upward channel is like a normal equilibrium, only on steroids. So bulls, beware! ;)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.