The breakout has been delayed until Late 2021. I'm bearish in the short term within the triangle. However long term the Ascending triangle is simply going to re-form, use this time to accumulate for an even bigger bull market early 2022.
We have a new wave of bullish investors hitting the market, based on this and previous resistance/history/patterns i think we're going to the $5 - $8 range before the end of 2021.
We're out of the bear market, we're in an upward trend, I'm optimistic even if we re-trace down to the $0.35 cents area again i'll just buy more until it bounces to $0.90 which it will eventually, all in good time
Very little risk in my opinion in investing around this price, the price is baked in it should not go lower, its been this for many months. Once your invested you should just wait until we break out of this consolidated price and see some up-hill movement, next level of major resistance is a $1 so some short term potential.
My Prediction, we travel sideways until we get a volume spike to re-test the ATH.
This will be confirmed when we break the major trend line.
In the WORST case scenario I don't think we're going below $5k there is too much resistance that low.
Scenario 1 - We hit $1.25 USD odd and then Bounce back to the $3.50 trend line
Scenario 2 - Bitcoin crashes to 5/3k and we see IOTA hit $0.50
Im betting on Scenario 1 personally. IOTA just partnered with a freaking city. The Crypto market is just getting warmed up. HODL!
Falling wedge to 7K then reversal to 10K and back to top trend line - Best Scenario
Falling wedge to 7K then slow recovery by June/July on Middle trend line - Annoying but okay Scenario
Crash all the way down to 3K then 1 - 2 year Recovery
Either Way I'm still bullish in the long term
