Inverted chart. Inverted head and shoulders is clearly seen. After a failed attempt for breaking the shoulder looks like 
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,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 $0.50 can happen from there.
IOTA wants to try again. So two scenarios can happen:1- Price will reach 0.50$, 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,
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.
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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.