IOTA’s 3-Year Downtrend Nearing Exhaustion – 20x+ Incoming?
IOTA has been in a brutal downtrend since January 2022, but the TD Sequential is about to print a Red 13 on the monthly chart, suggesting this 3-year cycle is nearing exhaustion.
Price action has already broken above the long-term trendline (since April 2021), retraced, and now looks to be bouncing off it—textbook confirmation that the macro structure is shifting.
Let’s not forget that crypto tends to go parabolic in election years. If history repeats, IOTA could be one of the biggest gainers, targeting at least 20x—if not much more.
What I’m Watching to Enter:
✔️ Feb candle closes below $0.27 → Confirms TD13 prints, and
✔️ Confirmation of a bounce, which could come from:
Could IOTA be one of the biggest comeback stories of this cycle?
P.S.I’d also like to see fundamental justification for growth beyond the technicals. Can anyone speak to IOTA’s fundamentals?
P.P.S. Dash is also looking to print a TD13 in the coming months, but it looks like IOTA will move first. Dash chart incoming.
Price action has already broken above the long-term trendline (since April 2021), retraced, and now looks to be bouncing off it—textbook confirmation that the macro structure is shifting.
Let’s not forget that crypto tends to go parabolic in election years. If history repeats, IOTA could be one of the biggest gainers, targeting at least 20x—if not much more.
What I’m Watching to Enter:
✔️ Feb candle closes below $0.27 → Confirms TD13 prints, and
✔️ Confirmation of a bounce, which could come from:
- Feb closing around $0.25 (above the 21 EMA), or
- A weekly close above $0.26 (above the 21, 50 & 100 EMA), or
- Breaking the 3-month downward trendline (since Dec), confirmed by price action above $0.27 in March (and no sooner).
Could IOTA be one of the biggest comeback stories of this cycle?
P.S.I’d also like to see fundamental justification for growth beyond the technicals. Can anyone speak to IOTA’s fundamentals?
- Is the tech still relevant and competitive?
- Is it being applied in real life?
- Any recent partnerships suggesting IOTA has a place in the future?
P.P.S. Dash is also looking to print a TD13 in the coming months, but it looks like IOTA will move first. Dash chart incoming.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.