On the crypto index, IOTA was until yesterday, the one faring worst. That said I do believe we have completed a retracement here aswell with a brief wick touching the 0.236% fibo level and giving us an instant price action reversal indicating heavy buying pressure.
On the we also see that the at 0.54 is holding. No closed candles underneath as of yet.
As of now the growth curve in this market sits on a growth curve at 18%. This has not really been confirmed, but if we do continue an upwards consolidation above this line, IOTA should be poised for some good gains in the near term.
A good entry point would thus be slightly under the support to be triggered by a wick, and the take profit in the area of our current ATH .
Personally I find this to be a very good setup as of now. risk/reward sits at 1:5.
Good luck trading folks!