Recent trading weeks in the IOTA market have shown the reluctance of sellers to continue their fall wave. Buyers have kept the critical range of $0.6. However, we cannot assure that buyers won due to the great interest in IOTA. Trading volumes during the last 3 trading weeks were extremely small. The weekly candle from 21 February has every chance to close the pin bar. This means that the probability of the IOTA price rebounding to the first target is $1. This range became the main problem of buyers during the trading week on 7 February. Sellers managed to suppress the aggression of buyers and continue the local fall wave from December 2021. https://www.tradingview.com/x/vAyGqDPK/ However, the final target of potential price growth in the near future is $1.2. This mark is a global trend line that sellers have been confidently keeping since April 2021. If buyers fail to control the $1.2 mark, we will expect a prolonged consolidation in the IOTA market. Loss of control of $0.6 by buyers will lead to a complete collapse of the IOTA market. In this case, the protracted and depressive correction will continue, and the main target of sellers – the range of $0.35. Technical Analysis Of IOTA On The Daily Timeframe https://www.tradingview.com/x/C3vTa5q6/ If we look at the situation on the IOTA market a little more locally, we see that the fall wave on 30 December began to be satisfied. The daily timeframe clearly shows a consolidation ...
