The chart pretty much explains itself. Will IOTA go further down inside the falling wedge or will it break out? Depends very much on 
BTC as well.
BTC as well. Note
After getting outside this week, it's inside the falling wedge again. The second blue line is to catch the spikes on daily chart so you can ignore that.
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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.