The 1D Descending Triangle broke on IOTA as the 0.4980 Support was crossed (RSI = 42.370, MACD = -0.025, Highs/Lows = -0.0164, B/BP = -0.0387). We have a Channel Down in its early stages and the commanding long term bearish trend on 1W (Highs/Lows = -0.0606, MACD = -0.309, RSI = 39.391) should sell every spike below 0.5800. We are still bearish on the long term with our TP = 0.3199, 0.1459 intact.
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