Well its been a highly exciting week for crypto, BTC reaches a new all-time high above 13k. IOTA has been seen to follow the general trend of Bitcoin an perhaps the influx of interest in bitcoin and ethereum has now also led new money not only into bitcoin but some alt coins too. After the metereoric rise of IOTA we quickly saw a reversal from 5.59 USD to 3.50 USD but since then returned to trading above 4 USD.
We are currently seeing the formation of a bearish wedge which could signal the continuation of the downward trend or if broken, a race to somewhere beyond 5 Dollars, perhaps we will also see IOTA = $6 this week?
Scalping along the wedge game by buying near the green support line and sell when the action struggles near the red resistance line.
Buying @ 4.20
Selling @ 5.50
Stop-loss @ 3.80
We are currently seeing the formation of a bearish wedge which could signal the continuation of the downward trend or if broken, a race to somewhere beyond 5 Dollars, perhaps we will also see IOTA = $6 this week?
Scalping along the wedge game by buying near the green support line and sell when the action struggles near the red resistance line.
Buying @ 4.20
Selling @ 5.50
Stop-loss @ 3.80