can see 2.40 - 2.20 soon if 3.10 is not breached soon
IOTA trading inside a triangle and gonna make a big move.
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.
IOTA/USD CMP 4.03 Target 5 plus 1) 30/200 ema crossover point. 2) price pierces past the trend resistance line with good volumes.
Looks like perfect Flag Breakout. If able to Breakout then can expect 6.5 - 8.5 - 11
IOTA / USD CMP 1.91 Daily chart Bias : Long Rationale: 1) Price breaks upward trending resistance line with huge volumes. 2) Further complemented by penant breakout which resulted in the current spike. 3) Good one to go long with a target of 2.25 plus. 4) View not valid if price drops below 1.65.