Log scale basically change the vertical axis from a standard linear scale to a logarithmic scale. Logarithmic scales use intervals that correspond to orders of magnitude rather than intervals that are equidistant from each other. Using logarithmic values instead of actual values can reduce the wide range of data into a more manageable size
IOTA had a massive drop like the whole market, but right not it looks like its forming a bottom. I market on 1D chart. Coin retraced 80% from top. Supports at $1.20 and $1 are currently playing crucial roles and longer marked in blue. If that holds, we could see trend reversal very soon. I don't like the yet, but this is present on the whole market right now. is picking up nicely, is placed just above 40 level. I entered on the resistance and I'm keeping stop loss close if the market turns belly up again. If IOTA manages to break above descending , it could move a lot higher – check what happened last year in NOV – same pattern.