IOta about to take offLooking like the beginnings of a pump and dump. Into the pump phase, possible targets above 3$ would be easy considering crypto volatility. Combined with the fact that IOTA has barely rallied, now that BTC has reached extreme heights, pumping relatively small-cap coins is going to be very common for a bit. The same thing happened in 2017 after BTC hit 20k.
IOTAUSDT.P trade ideas
IOTAUSDT (MIOTA) - POTENTIAL BREAKOUT ANALYSIS 🔎
- IOTAUSDT is printing an ascending triangle (AT) pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's (AT) horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's (AT) inclined support.