IOTA has been following the upper trendline forever, now the price range is getting pretty tight.
IOTA is currently undergoing significant changes on the entire protocol ("Coordicide"). It has a very active community and the IOTA Foundation managed to make a lot of partnerships in the last year.
It is also interesting how the vision of the IOTA Foundation is quite...
I think its time for a little relief. One of the two drawn scenarios is my guess. We formed somewhat of a falling wedge too, which might have a false breakout to the downside to touch the .786 support from the fib of the entire run up since bottom.
Title. Consolidated between the 2 4h EMAs displayed and breaking out to the upside. If we see another pump, ETH will most likely be stronger.
For that to play out, we need a close above the EMAs though.
TRX has finally reached a weekly support level. Right now, its forming a falling wedge with no strong resistance until 450ish. If we close above the 2 moving averages shown, this should be a decent trade. I took the freedom to draw a few horizontal resistance lines.
As we can see, it broke out of the giant triangle, but still is forming a falling wedge on the .786 fib retrace. So I do think we will atleast go for a retest of the triangle in the coming weeks.
Have a good one.
EDG has finally seen some price action in the last few days, but in the weekly chart its still in a huge downtrend channel (in which it lost 75% value). If it breaks to the upside, we could see some spikes, or atleast wicks.