Hi dear friends, hope you are well, and welcome to the new update on IOTA coin.
Long term resistance:
On a weekly time frame, IOTA is trying to break out a low-term down trendline resistance. The priceline has already bounced by the key support of $1 and broke out EMA 21 as well. Now EMA 21 weekly can work as strong support and price action can breakout the resistance for the big move.
Bullish divergence:
On a weekly time frame a big bullish divergence has also appeared, as the price action of IOTA is forming a lower high but on the other hand, RSI is forming a higher high.
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▶️ 3Speak