1. IOTA formed a pattern over the last month
2. The bottom line of the flag (positioned on 3 USD mark) is made by a strong resistance line, where has IOTA bottomed itself 6 TIMES ALREADY! Dips under this line were bought always very quickly. This shows, that the 3 USD line will probably hold the price above it.
3. We´re slowly coming to the end of the upper line of the
4. Downtrend was broken also on the - and the formal resistance line became support line.
5. For such a coin as IOTA is current and 9th position in market cap very low and underestimated.
More fundamental part: We have seen big correction in the market last days. The market cap lost almost $200 bilion. Today Bitcoin looks healthier (but we´ll see) and that means new money coming to the market. I expect that before we get another correction, we could touch $1 trilion for sure. This means almost 30% growth and this money have to go somewhere. As always, it will be concentrated at top few cryptocurrencies and which one didn´t perform some time? My bet is on IOTA, or maybe Cardano.
My call for IOTA is minimum 8 USD until mid february (120% growth), but very possibly more.
But always remember that by cryptocurrency there is not only technical and . There is something beyond this called Bitcoin . If this giant decides to go lower, the money will flow away from the market and TA will be totally useless.
I am open to all opinions, so if you have simillar or opposite idea, I will be glad if you tell me!