Here we see a classic case of Wyckoff Double Bottom Accumulation. I expect IOTA to linger in between 24-27 cents in the coming week(s). When the double bottom confirms it can exit upward.
If a daily closes below purple lines, watch out for death scenarios.
IOTA is struggling with a new resistance zone after failing to hold the oldest supportline for the second time this year.
What does the future hold? Demand at 4k sats seems good, everytime it hits 4k or below, violent buyback happens. My guess it's staying between resistance and demand for awhile.
It's looks like the cryptocurrency market is finally breaking out of the bear market and IOTA is one of the cryptocurrencies that is looking green for quite some time.
It has been bouncing and gaining between resistance and supportlines for a couple of months now. I hope to see it gain while continuing doing the same.
Aalberts has been dealing with a lot of negative prospects (shrinking of industrial economy Germany hit Aalberts), so a cautious approach to entering positions.
However a classic resistance line is seen around 32.46 and the channel line crosses that line exactly at the top of yesterday's candle.
It might push through to the green top channel line.