Two days ago we identified a Triangle/Pennant formation in the IOTA 30-min chart.
Article here --> IOTA/USD - Technical Analysis - Pennant Formation
As you can see from the chart, IOTA has started its Bullish run and has found support at the $0.84 level! I believe the price will consolidate around this range, and go after new highs after the consolidation round. A breakout past the $0.90 is the new target.
IOTA and its Tangle Technology allows for micro-transactions with ZERO Fees! The IOTA team is strong and are looking to capitalize on the IoT (Internet of Things) economy.
Example:
Imagine a future with autonomous vehicles. You have a 9 - 5 job and your car is doing nothing. In this world you will be able to go to work and tell your Autonomous Vehicle to give random people rides or help out other autonomous machines in exchange for IOTA. Your car will have its own wallet and will be able to communicate with the internet and other machines to make you money. This is but a small example of what this technology can do.
I am very Bullish when it comes to IOTA.
I wish you massive profits in your trades,
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.