IOTA/BTC - break-out and corrective waves completed

In our previous analysis we stated that the corrective waves completed on the weekly. We can see now that the bottom is well established at the 2k sat level. The price is breaking out of a 2 months resistance with great volume coming in. RSI indicates hidden bullish divergence and the MACD turned green on the daily. Together with the fundamental progress, this could lead to a pretty strong leg to the upside.

Good luck with your trades! Do not consider this as financial advice.