IOTAUSDTPERP Rising Wedge Coiling Up
Updated
IOTAUSDTPERP is going up in rising wedge. Breaking the wedge is possible in couple of days at most. Breaking the wedge downward is more likely than upward. In case of breaking downward, we can find the price about 1.1 dollar levels. However, if the price would break otherwise, we can easily say that 2 dollars levels are closer than we could think of. Although rising wedges are more likely to be broken downward, I expect IOTA to break the wedge upward and achieve new all time highs. I do not think IOTA will be seeing 1.2 dollar levels.
Note
Even though it seems it is breaking the rising wedge downward. Breaking out is not volume supported yet. It will hopefully back in the channel.Note
Price seems to return from fibonacci 0.236
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