IOTA has broken throug the symmetrical triangle and the price rushed up to 0,98$ in very short time.
The abrupt fall yesterday stopped this positive trend.
Nobody can tell what´s going happen in near future, but I can imagine that IOTA now is entering a flag, pennant or triangle.
And at the end of this the cours could fall back on the old support at 61.8% fibb (or even below).
If the price rises above at fibb level 78.6% (0.93$) then this analysis will be ended.
Beside the trend analysis is to mention, that IOTA works with a tangle - not a blockchain. And it has no scaling problems as Bitcoin.
The abrupt fall yesterday stopped this positive trend.
Nobody can tell what´s going happen in near future, but I can imagine that IOTA now is entering a flag, pennant or triangle.
And at the end of this the cours could fall back on the old support at 61.8% fibb (or even below).
If the price rises above at fibb level 78.6% (0.93$) then this analysis will be ended.
Beside the trend analysis is to mention, that IOTA works with a tangle - not a blockchain. And it has no scaling problems as Bitcoin.