IOTA Forecast?
Updated
IOTA will go through the roof soon!
Note
Looks like it bounced strong off the 3.62 support to 3.69 at the moment. Just like expected! Could be some small resistance at 3.70 but should get through that easily. If we get through, nothing could really stop us until 3.90Note
IOTA fell below the 3.62 support line but it bounced off 3 times of the trend line at 3.44. If it stays above the trend line, we will break the resistance line at 3.62 and we will go up from there. I don't think it would fall down bellow 3.62 afterward. There is also a possibility that it could go down more towards the second support line at 3.32. However, I am feeling bullish!
RAIS THE ROOF!!!
Note
It looks like it is creating a support line at 3.40... I believe that for the rest of the month we are going to stay still. There are 3 situations:
1. We can reach the first Breaking Point 1 sometime during or after Christmas. Holidays, like Thanksgiving, had a great return to Bitcoin. But bitcoin is due to some major correction. While bitcoin climbs, the altcoins bleed. As soon as Bitcoin starts correcting, then we can climb the latter.
2.We can break at Breaking Point 2. This is due to IOTA's announcement about the "Q." This announcement is due sometime soon. The next big announcement that IOTA makes will make us skyrocket to Mars! It is just how it works. There still is hype about it but people are hesitant after the Microsoft tangle.
3. People might get tired of waiting. They want to make the quick profit but they cannot get it from IOTA just yet. They might go and try to make money in some other part. That will make IOTA bleed and continue to go down if they don't come out with some big news.
But one thing is sure, you have to HODL IOTA. The technology behind it and the potential of it, it is huge. If you are of a HODLer, the next period of time can be a great opportunity to buy some more and increase your portfolio.
I want to hear your thoughts!
Note
Broke 3.62 resitance. Let's see if it holds upNote
Guys I think this might be it! Bitcoin is going down fast, and now IOTA at 3.68. Buckle up!!
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