IOTA broke its downward trend, and is following an upward trend with supports at the $0.55 , $0.64 and $0.75 marks.
If it breaks under $0.75 it will most likely bounce at $0.64 and test $0.90. When at $0.90 two scenarios might follow:
Double Peak: Double peaks are usually a bearish sign. In this scenario IOTA will test $0.90 and fail to break above it. This is usually a bearish sign and I will most likely set a buy limit once I see evidence of a bounce around the $0.75 to $0.65 range.
Ascending Triangle / wedge: In this scenario a price consolidation will occur and the price will most likely test new local highs.
Happy Trading!
-CryptoTA
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.