Follow up of my yesterday's 1 hour chart based analysis where a long bias was given at around 4.
IOTA/USD CMP 4.80
Target 5.50 plus
Right Wedge breakout observed with extremely high volumes.
Signifies great momentum based bullish pattern .
5.50 is a conservative target.
Can go further beyond 5.50 close to 7 plus if short term volatility is ignored.