Two days ago IOTA broke down its symmetrical triangle consolidation pattern, as we imagined that strong further losses were coming for the currency, waiting for a drop similar to the chart span. The move was doing the job but the BTC made a long rally yesterday and dragged al the crypto charts with it, IOTA did the same and recovered 3 days loses in 6 hours. now the price is moving in range over the pivot R1 turned now as a support.
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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.