Iota hasn't performed for a long while. Currently, it's in an ascending triangle. Unlike the last time if had a fake out (to 4.5), this time we're not seeing a bearish divergence.
I think the most likely scenario would be a spring from $4. Having said that, because I expect ETH to start correcting soon & BTC may also be moving, the market may not offer enough enthusiasm without major news -> this means we'll probably have another fake out, with likely target of $4.3 ~ $5.
Still, it wouldn't be the first time iota failed to break out of 4.2. In that case, we'll likely revisit sub-3.7.
I think the most likely scenario would be a spring from $4. Having said that, because I expect ETH to start correcting soon & BTC may also be moving, the market may not offer enough enthusiasm without major news -> this means we'll probably have another fake out, with likely target of $4.3 ~ $5.
Still, it wouldn't be the first time iota failed to break out of 4.2. In that case, we'll likely revisit sub-3.7.
Comment:
I overestimated iota again. This guy isn't going anywhere soon. I sold last night & rebought this morning thinking it could go up -> as it has been severely oversold across the board at 30min time frame and above -> small mistake, paid too much for it :D
