tangman

Does IOTA have gas to break out?

BITFINEX:IOTETH   IOTA / Ethereum
People are very hopeful on IOTA, but it could struggle to break out here. Just too much bullishness in the community.

The hourly candles are showing a lot of selling at resistance. In TA it's always safer to wait for a confirmed breakout or a backtest.

Further, the ETHUSD             chart looks great, like Eth is about to run again. This would put pressure on IOTETH             .

One more shake out to test support at .0032 Eth would have me buying. OR, a break out and back test would have me considering.
Komen: Doesn't look like it... look out below!

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