IOTA is showing some strong resistance above the $4 mark and is consolidating somewhere between 4.0-4.5, I would be weary of the bearish wedge currently seen on 30min chart as it could signal lower levels as the 4USD floor could break later today.
Comment:
The bullish trend within wedge confirmed. Watch for a potential reversal to 4.10> or testing the 4.5 barriers if we break out of the wedge's upper bounds.
Comment:
IOTA remains within the bounds of the wedge but it is currently breaking away from its correlation with BTC. This could signal the start of a bull run for IOTA perhaps due to crypto investors feeling burnt out on BTC and seeking something to diversify.
Watch for a break above 4.50 to confirm bull run possibly to 5 Dollars before further price consolidation.