chrstphaubry

IOTA playing hide and seek

BITFINEX:IOTBTC   IOTA / Bitcoin
308 2 4
Not a lot of crazy TA possible here for now. We're currently moving insidethe indicated wedge and have been ever since the bull run. We will have to see to which side it will break out.

What I'm looking for is for the previous resistance to turn into a reliable support for the price (white line).
We can also see that the 50 day MA has served as a good support. A dive and a close below this MA will spell bad news for IOTA.
They have a few events coming up this month so I see the possibility of breaking up and out of the wedge higher than diving down.

Happy ttading!
Expect a breakout within today and tomorrow.
This one is set to move quickly, accumulation period is at it's end!
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thanks
waiting for updates
thumbs up !
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