Hello, dear members of LeoFinance!
Today, I want to comment on the price chart of IOTA.
In the 1-day chart (1D), IOTA/USD has been consolidating in something like Symmetrical Triangle for almost one month:
Since all these triangles are trend continuation patterns the chances are quite high that the price chart will exit the triangle and resume the uptrend.
To be continued ...
As of the time of writing, one IOTA costs $1.3439 on the Bittrex crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14,5 years, and as a cryptocurrency analyst for the last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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