IOTUSD (8h): Fundamentals may have changed. 1.75 > 8 USD

Volkswagen recently announced its cooperation with IOTA at the Connected World Conference in Berlin. The Chief Digital Officer of Volkswagen becomes a member of the Supervisory Board of IOTA. Important is, that it is not IOTA that said this, but Volkswagen. Such commitments precede a long test and are not usual. What could that mean? Together with Bosch, Volkswagen could see IOTA as a important technology. Due to their size, both companies are able to make IOTA the standard for IOT (Internet of Things) in the automotive industry. Volkswagen includes these brands VW, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, MAN. If IOTA turns out to be a usable technology, we know what this could mean for the price. I'm not a fan of IOTA, but there are news that could fundamentally change our view of IOTA. I'm from Germany. I know the autimobile industry well and a few backgrounds. We all know the critical voices about IOTA. Against this background and the market power that Volkswagen and Bosch are assuming, we should revalue IOTA. That's why I reworked my Chart and analysed it with pure TA.

IOTA has tested the resistance line at MA200 on 22.2. and has gone up since then. This point is very important from my TA's point of view, because it is Fibo 0.23 at the same point. Several trend lines and trend channels arise from the past. MACD has also turned positive. All of this together could trigger a longer upward trend. I have recently increased my position at IOTA.

Targets:

Fibo 0.382 = 2.32 USD
Fibo 0.618 = 3.55 USD
Fibo 1 and ATH = 5.80 USD
Fibo 1.618 = 8.75 USD

Looking at IOTA in the Log Scale also presents a positive long-term picture.

Log Scale:

Let's see what happens. Happy trading. :-)

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IOTUSD (30min): close up of the situation. nice move like btc or ltc.

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IOTUSD (4h): right on track. update chart.

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IOTUSD (1h): boke 2 usd resistance. now we could need a small consolidation, then next up.

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IOTUSD (2h): on track.

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IOTUSD (8h): near the support line. on track. up ...

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IOTUSD (8h): support line works pretty good.