Possible upward trajectory for IOTA from .00023/4 BTC

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IOTA / Bitcoin (BITFINEX:IOTBTC)

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BITFINEX:IOTBTC IOTA / Bitcoin

Trend Analysis Support and Resistance Trend Lines IOTA iotabtc LONG Bullish Patterns IOT

trendanalysis supportandresistance trendline iota iotabtc long bullish iot

BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.

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UPDATE: Should have drawn a trendline following the bottom of 22. december and upwards to todays bottom. In that case, .00024 seems the most likely point of return to upwards movement, right before it hits the 0.236 fib.

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UPDATE 2: Published a refined version of this idea:

IOT/BTC nearing end of triangle while BTC/USD looses steam

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