quantguy

IOTA Lags After Prolific Breakout

Long
BITFINEX:IOTUSD   IOTA
IOTA has consolidated around the psychological $4 level, as it clarified news about a partnership with Microsoft yesterday. While some retracement was likely, we will see how much investors weigh the relationship with Microsoft as IOTA either breaks out from this dragon head pattern or retraces further. The next level of support is a Fibonacci level of $3.25.

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