Three things: 1. Price is consolidating into a triangle 2. Bollinger band are at its narrowest since Dec 1 3. Candles are hovering around the .5 Fib line.. the stock is begging for a direction All indicators lead to the conclusion that we will see some major price action, soon.
Which way? Up. Why? The inverse head and shoulders, a very bullish pattern.
Short-Term Price Target: 30 (sized by the head and shoulders pattern)
IOTA - HOLD - Two Scenarios Prices have reached my short-term price target. Market and coin sentiment seems to generally be bullish, so I recommend holding onto the coin if you own it. Scenario 1: Prices consolidate around the 0.382 Fib (~300k satoshis) before blasting higher to the 0.236 Fib (~350k satoshis) Scenario 2: IOTA prices go straight to the 0.236 Fib.
In either case, I would high recommend selling some limit sales around 340k-345k satoshis to take some money off the table.