IOTA on the verge of…Inverted chart. Inverted head and shoulders is clearly seen. After a failed attempt for breaking the shoulder looks like FWB:IOTA wants to try again. So two scenarios can happen:
1- Price will reach 0.50$, after that it will face a rejection, so the second attempt fails and in that case IOTA can touch its previous ATL again.
2_ Bulls are turnt enough to break the shoulder, price stays above 0.50$, and the previous ATH can be touched.
Before anything, FWB:IOTA should break the $0.42 resistance. If that doesn’t happen the price can reach $0.20 but it’s really unlikely to happen, I’m still thinking that IOTA will try to break the shoulder with another attempt.
So it’s either
$0.42 is broken >>> $0.50 is broken >> previous ATH or even a new High.
Or
The price is rejected at $0.42 >>> $0.20 can be touched >> then either the previous ATL will be touched if things get bearish or a again, another try for breaking $0.50 can happen from there.
