IOTA bottom test coming ?

IOTUSD




The test for whether $1 is the bottom for IOTA is coming. IOTA is having a strong resistance to break above 1.1 where the weekly 9EMA , 50 DMA and the multiple downtrend lines are being conjuncted. If IOTA is able to break above 1.1 with bullish volume it means it has started a rally towards 1.55 dollars (50 week MA + T2 downtrendline + 38.2 retracement of march high) as weekly RSI shows a breakout. Failure to take 1.1 dollars could make IOTA dump harder to 0.65 dollars.

Happy trading. :)