IOTA / USD is in the final closing move after this analysis. Characterized by the colored trend channel. Volatility has risen sharply in recent times. Thus, the $ 2.74 movement could encounter resistance. Not only because a technically relevant intermediate high was achieved there (wave iii). There is also a wave v heading there.
If the range does not resist, the price can still extend the $ 3.14 range before any major correction is expected.
Rates on a daily basis below $ 2.00 negate this scenario again.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy