After a painfully long month of consolidation, IOTA appears to be approaching a resolution to its price dilemma.
If traditional TA holds true, we could see a 47% short term gain from the breakout, and if the larger overall triangle pattern plays out, the gains could be 125% or more, as we saw in the last big breakout of the coin.
Keep an eye on the break direction, because similarly, if the bulls fail, the price could fall just as dramatically, so the downside risk is significant.
If traditional TA holds true, we could see a 47% short term gain from the breakout, and if the larger overall triangle pattern plays out, the gains could be 125% or more, as we saw in the last big breakout of the coin.
Keep an eye on the break direction, because similarly, if the bulls fail, the price could fall just as dramatically, so the downside risk is significant.