Previous resistance could be support as IOTA looks to retest the long term resistance trend line.
After calling the top at .79, I'm looking at a 1-4 day pull back. The weekly chart gives me a better overall picture of our support and resistance. I think the price will continue to dance within the triangle, testing support, before breaking out to the upside.
We have perfect sell indicators on both the daily and hourly lining up perfectly as the price nears long term bearish trend line. I'm looking for a 1-4 day correction before the trend continues. This is textbook.
We had a 9 on the TD indicator at the bottom of the current support indicating a reversal. I will be looking for this triangle to play out ove the rest of the month before expecting a break out in either direction.
I'm pretty sure IOTA is destined for greatness but it's going to take some time and work to break through all the resistance.
You can usually notice that LTC/USD price is stable, and only runs up in price after Bitcoin has taken off. However with LTC/BTC you will notice it slips all the way down completing the triangle as money flows out to ride the Bitcoin bubble. This trend continues until it gets to a certain point and reverses in a flurry running up over 5 times the price. This is...