IOTA's consolidation with strong 200 EMA support on 1D candle
With BTC making a new ATH this consolidation could be highly rewarding in the upcoming ALT season ( likely after BTC's sideways consolidation)
Expecting a bullish reversal if 3 scenarios play out.
All those Explained via Notes in the Chart analysis.
If market sentiment remains constant, expecting this to playout
BTC is in a downtrend
Currently its getting closer to the upper trend line. If broken, a sign of relief for the bulls
Or else the downtrend continues.
Both the scenarios have been well projected on the chart. Do share your observations if any
