It seems IOTA may have broken out of the downward trend.
Although other crypto's are currently in an upward pattern, I do believe they will eventually continue to go downwards (BTC, ETH). IOTA did breakout of the original downward pattern and is going to a possible wedge pattern of consolidation. It may still take a slight dip in the next few days but I don believe that this will be changing patterns and will be in an upward trend only experiencing resistance at the Fibonacci retracement levels, and the 50 & 100 day SMA's.
Although other crypto's are currently in an upward pattern, I do believe they will eventually continue to go downwards (BTC, ETH). IOTA did breakout of the original downward pattern and is going to a possible wedge pattern of consolidation. It may still take a slight dip in the next few days but I don believe that this will be changing patterns and will be in an upward trend only experiencing resistance at the Fibonacci retracement levels, and the 50 & 100 day SMA's.
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We are starting to see a formation of a support line upwards (blue line). Good news and if it continues to act as a support, we may see a sharper incline upwards.Note
A head and shoulders pattern is forming. Could mean a slight dip and then upwards.Note
Head and shoulders pattern continuing to form. 
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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.