Iota's big ABC correction has ended the 1st cycle of this coin. Currently it's in smaller wave 2 which is a bearish one. IOTA has strong support below (major trendline) which also may be great buy-in opportunity, if price will fall that low.
On 4h chart IOTA is between 3 clusters and at the moment is being bearish. MACD is crossing downwards and RSI is also a little high.
I'm waiting for more bullish signals from this coin, before taking a position in it.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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