Iota Ascending Triangle. $0.5 soon? #IOTAUSD
Iota is at the top of an ascending triangle ready to break upwards.
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Price has dropped out of ascending triangle suggesting a further drop from here.This is crypto though...so anything could happen.
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On second thoughts.. let's look closer at RSI and MACD.It looks like the fireworks are scheduled to go off at UTC 00:00 23rd May
Let's see!
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Bitcoin just dumped $500 chasing iota to really breakout downward from the ascending triangle. MACD and RSI still looking bullish. So let’s see..Note
Iota is officially oversold.Note
Down and down we go. I guess the break from the ascending triangle earlier today was our answer.
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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.