IOTA: Stalling of the Pump. But for how long..?
Technical (TD Sequential):
2M
2W
3D
Fundamental
Conclusion
2M
- Last candle close formed a Red 9 and has been confirmed by a +75% pump, long term bullish
2W
- Currently forming a green 9
- EMA/SMMA cross up, bullish, but will probably pull back first
3D
- Last candle close formed a green 9
- Holding so far in the channels equilibrium
- Seems strong but stalling short term, pump needs to take a breath,
Fundamental
- Chrysialis Upgrade Part One was just released and the network runs currently on a stable 50 - 70 CTPS / <10s confirmation Time (!) at the moment - feeless obviously.
- IOTA releases a lot more stuff until the end of the year: Roadmap
Conclusion
- I expect a short pullback (for ~2-3 Weeks)
- I expect a pullback to the 0.30 - 0.35 area
- The best has still to come according to 2M chart and fundamental analysis
Note
Another Idea / Approach:
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