IOTA is heading to test ATH

2017年11月15日

IOTA succesfully broke up from descending triangle pattern, which was a great entry point and has reached first resistance target at 0.62. Even though descending triangle is bearish pattern, technical analysis isn’t necessarily about the pattern itself, but also it’s about the psychology of what’s going on within the pattern. As well, when bearish patterns fail (like IOTA now), they can produce extremely quick and powerful bullish moves. The bullish momentum still looks strong and could push price higher, most probably to test ATH IOTUSDat $1.04. There is some resistance area at $0.74, but not so strong. Bulls could take IOTA to ATH very soon if market conditions stay positive.

2017年11月20日

ノート

Closing on the second target. It was a nice run,time to take money of the table.