IOTA Symmetrical Triangle with targets
Diupdate
IOTA/USD formed a big symmetrical triangle after its rally. It's currently going towards the end of this triangle and we can expect a breakout soon.
At the moment the price is in a sideways movement. This is another sign that a breakout will happen soon.
It is difficult to say if the breakout will occur on the up- or downside. This will likely depend on what news we will get till then.
If there are no more good news or even bad news/more FUD I expect a breakout on the downside.
Symmetrical triangles are formed when investors are unsure of an asset's value, in my opinion this is the case here. Lately I read a lot of negative things (sometimes FUD) about IOTA and the IOTA foundation/founders but there are also a lot of people that really have high hopes in the future of the whole IOTA project.
I think this kind of division is normal as IOTA is still young and not developed completely yet - but yet is #4 of all cryptocurrencies in market cap.
I believe in the future of IOTA or more specific in the future of their technology, the Tangle. If they can make the Tangle work safely and fast due to its scalability, it will be better than the blockchain technology according to transactions and maybe also for other usecases.
The future of IOTA really is dependent on what its developers will achieve and on how they will commercialise IOTA further.
(A userfriendly wallet would be great for the start)
At the moment the price is in a sideways movement. This is another sign that a breakout will happen soon.
It is difficult to say if the breakout will occur on the up- or downside. This will likely depend on what news we will get till then.
If there are no more good news or even bad news/more FUD I expect a breakout on the downside.
Symmetrical triangles are formed when investors are unsure of an asset's value, in my opinion this is the case here. Lately I read a lot of negative things (sometimes FUD) about IOTA and the IOTA foundation/founders but there are also a lot of people that really have high hopes in the future of the whole IOTA project.
I think this kind of division is normal as IOTA is still young and not developed completely yet - but yet is #4 of all cryptocurrencies in market cap.
I believe in the future of IOTA or more specific in the future of their technology, the Tangle. If they can make the Tangle work safely and fast due to its scalability, it will be better than the blockchain technology according to transactions and maybe also for other usecases.
The future of IOTA really is dependent on what its developers will achieve and on how they will commercialise IOTA further.
(A userfriendly wallet would be great for the start)
Catatan
This peak got supported by a very high volume, looks like we get a breakout on the upper side.Catatan
Don't expect anything from IOTA if their team keeps doing like they are at the moment.
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