IOTA is currently in a bearish channel, with price coming to lows not seen for a while. IOTA is due a new market cycle after the recent pump and highs. Currently, all cryptos are down after following suit behind Bitcoin. I believe Bitcoin is due to come down to $8,000 before its huge bullish run to new highs in 2018. Currently at $10,000, Bitcoin should come down a bit more and so will IOTA, with its lows in the grey box outlined, thus providing a perfect buying opportunity. We could see new highs in May 2018 based on ABC pattern and fundamentals surrounding the cryptocurrency market right now.