IOTA is coiling up for a huge breakout, on the daily timeframe market broke above the previous swing low forming a inverted head and shoulders formation. MACD is about to cut for bullish we now need to see a break and close above the neckline in confluence with the descending corrective trendline for the bulls to take control.
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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.