IOTA trend convergence: history repeats?

5 Mar 2018

Two long-term trends in IOTA are converging at the end of this week, so there is a good chance we will see some strong action soon.

Looking at the previous bull-bear-bull run, we see a very similar pattern:

- 3 month consolidation after previous bullrun
- Breakout near long-term trend convergence

Since IOTA has already had a full retrace of its all-time high, and a consolidation period, the stars seem to be aligning for another upwards breakout. The wave-like patterns of both the 50 day MA and the RSI also seem to suggest incoming upwards movement.

What do you guys think? Will IOTAs future resemble its past?

26 Mar 2018

Not

So, we did see some strong action, but history clearly has not repeated itself (yet). IOTA instead has continued its downtrend in full force, as it is being dragged down by the general bear trend in the market.

IOTA did show some good upward potential in the small correction wave that started on the 17th of March, gaining nearly 50% in 4 days. I believe this bodes well for the future potential of IOTA, however it seems like we are not out of the bear market yet.

Expect IOTA to follow the general bear trend, but once the bulls take over, I believe IOTA will present a very interesting investment opportunity.