Just a thought, seeing as Iota broke out of a two month resistance :) gr O
Look like we're at the end of the ABC correction. Fifth wave getting close to completion. We may see a nice reversal at the end of the leg. This is my bullish scenario :)
This is an experimental idea for testing a new methology of mine...
IOTA/USD might be starting in the next weeks an extended uptrend wave. Be ready with cash.
The end of the year has represented a good period for Iota, with it's price increasing from 0.2506$ on the 17th of December to 0.3726$ on the 10th of January, registering a total growth of 48.63%. Although the odds were looking favorable, the coin was pressured afterwards by the drop of the market capitalization, with the investors being concerned more about the...
I think the chart says it all. Iota is still moving within a descending channel. I expect to test the lower resistance level within the .12 - .15 range over the following weeks to potentially days.
As long as the 0.298 level cannot be exceeded, it can be expected to target 0.269.