Confirm break out before taking new long positions

10 בדצמ׳ 2017

$4.0 seems to have held yesterday [ though it did drop to 3.6 once ]. But we are not out of the woods yet. Watch for a break out from the top wedge line. It has to be a strong uncontested series of green candles. Else it might start falling again to expand the wedge. In that case the next buy in could be around 2.8-3.0 mark

10 בדצמ׳ 2017

הערה

Downside risk high if 4.35 - 4.4 doesn't break on the topside. Watch carefully . If it goes above 4.5 with a strong move then current downtrend will be broken. Do keep an eye on BTC as well

10 בדצמ׳ 2017

הערה

3.8 -4.0 to be retested soon

10 בדצמ׳ 2017

הערה

3.8 may be hard to break but very much possible. Those looking to add for the long term can put staggard buy limit orders at 3.8, 3.6, 3.4, 3.2 and 3.0 . Exact bottom difficult to predict and may be very short lived

16 בדצמ׳ 2017

הערה

After the bounce from 3.3 recently it hasn't completely broken out of the downward channel yet. If it continues to remain below $4 then there could be another sell-off due to trader/investor fatigue. Testing of 3.4 or 3.1 or 2.6 to 2.8 would be on the cards. Below 2.5 it could be a bottomless pit signaling that the world is not yet ready for IOTA. A simple google search for iota will mostly show news with negative headlines regarding Microsoft partnership confusion which would be a big put-off for new investors. But machine revolutionists can HODL !!!

Here is a nice article to keep Iotanites motivated -
forbes.com/sites/louiscolumbus/2017/12/10/2017-roundup-of-internet-of-things-forecasts/