The study of Wyckoff Theory, along with market cycles, would suggest IOTA is being heavily accumulated within this range.
With a clear demand level of 0.20c and clear supply level of 0.40c. Anything sold above 40c is a win, and anything bought below 20c is a win.
Until we've breached the downwards channel resistance, and weekly range high resistance, we can assume we'll just keep dancing between these levels.
If 0.23c is lost as support, a capitulation event could occur.
If 0.23c holds, we may finally get a rally coming out of this range.
As a tech company at the forefront of technology advancements, once the composite man unleashes this beast, generational wealth will be made for those who accumulated the lows.
With a clear demand level of 0.20c and clear supply level of 0.40c. Anything sold above 40c is a win, and anything bought below 20c is a win.
Until we've breached the downwards channel resistance, and weekly range high resistance, we can assume we'll just keep dancing between these levels.
If 0.23c is lost as support, a capitulation event could occur.
If 0.23c holds, we may finally get a rally coming out of this range.
As a tech company at the forefront of technology advancements, once the composite man unleashes this beast, generational wealth will be made for those who accumulated the lows.
