IOTA has been consolidating since the recent run-up. During this period the price has moved within a very solid triangle on the IOTA/BTC chart. The triangle is pointing towards the very end of 2017 (the next one or two days). Considering that IOTA has fallen behind to 1.7% market cap share of all cryptos combined (currently IOTA has fallen behind Cardano), an upwards correction seems quite likely.
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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.