Pay attention: IOTA reaching the end of wedge

4 Jan 2018

IOTA is reaching the end of a long time wedge pattern with no clear signals on where it will go from there. If it goes bellow the support trendline (in red) it could drop as far as the latest supports (pictured in yellow). On the other hand if it breaks the resistance (blue line) we could see a bull run following the same trendline and testing new heights.

The Ichimoku cloud on the 4h chart signals a positive outcome, but oscillators and MACD don't signal nothing special in either way. It's a matter of paying attention on the evolution of IOTA for the next hours.