Clearly there are some chart and harmonic patterns. The recent harmonic pattern is finished and the down trend line is also broken. The only thing missing is some good news and/or buy volume to rush in. Let's see what happens.
Note
Now, its IOTA turn to start an impulse upward wave. Let's see what happens.
Note
So, IOTA went up, almost 150%. Then correction started and IOTA came down to the major horizontal resistance area, again. It seems IOTA has made a small harmonic pattern, and broke the minor trend line too. Let's see if IOTA can start another upward wave or not.
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So, IOTA repeated the previous behavior and started another upward wave, a strong one that went up more than 400%. IOTA reached the first target. Here, there is going to be a correction, probably minor. The next target is the big triangle's upper line, a major line, and target; if IOTA breaks it, IOTA will probably reach the ATH. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.