IOTA is heading to test ATH

Nov 15, 2017

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.

Nov 20, 2017

Note

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