This seems currently like a high probability scenario for IOT/USD.
IOT/USD seems to have formed a support at the circled area.
If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow.
If BTC/USD gets a few good green candles this scenario will happen most certainly.
If the market starts this fresh week and month green, explosive up-moves will ensue in most of the coins.
After the up-move another pattern will form which will decide if IOTA goes for a longer bull run like the one we saw at the end of 2017. I will post a more zoomed out analysis of IOTA later
where I'll go more into detail about the possibility for a bull run.
Remember that this is just one possible short term scenario and IOTA might fail this pattern, especially if Bitcoin gets big red candles.
Enjoy.
I invite you to join my newly founded, friendly group that has an emphasis on a neutral outlook of the markets, where educational crypto content and LIVE signals will be posted soon !
t.me/joinchat/Bu0cshGb15e0IOEVctoMOQ Welcome !
IOT/USD seems to have formed a support at the circled area.
If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow.
If BTC/USD gets a few good green candles this scenario will happen most certainly.
If the market starts this fresh week and month green, explosive up-moves will ensue in most of the coins.
After the up-move another pattern will form which will decide if IOTA goes for a longer bull run like the one we saw at the end of 2017. I will post a more zoomed out analysis of IOTA later
where I'll go more into detail about the possibility for a bull run.
Remember that this is just one possible short term scenario and IOTA might fail this pattern, especially if Bitcoin gets big red candles.
Enjoy.
I invite you to join my newly founded, friendly group that has an emphasis on a neutral outlook of the markets, where educational crypto content and LIVE signals will be posted soon !
t.me/joinchat/Bu0cshGb15e0IOEVctoMOQ Welcome !