Lorenz_Capital

IOTA - An Out-Performeer In the Coming Weeks

Long
Lorenz_Capital Updated   
BITFINEX:IOTUSD   IOTA
If you look closely here, BTC is on the chart in the background, showing that IOTA has the potential to make up some serious ground against BTC, given a healthy bitcoin scenario. It is close to breaking out of a descending wedge, which would easily re-value it back to $1.00. Some big moves popping off in the market (XRP last week, BCH today and many others) bringing that fomo sentiment back into the market.

Still have to manage risk carefully, but the bull case is looking promising.

Best of luck, hit the the thumbs up.
Comment:

30% upside to the 100 MA makes sense to me. A good pull back from here is likely.

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.