Everytime when IOTA seemd to leave the downgoing trend channel it stopped slightliy above the upper limit and turned back to trend channel.
On the lower side a support line stopped the negative trend (fib 61.8%, 3.83$).
IOTA stayed also in a second trend channel - green. And look at the lines of the two trend channels and the support line. They cross each other at nearly the same time (around the day 01-13).
Perhaps the course of IOTA leaves the negative trend channel before. But wait until at least one more 4h-candle. It could be another bull-trap!
Actually I do not recommend any action!
MACD: not much momentum and neutral (a little bit negative)
ADX: no momentum, no trend
IOTA has broken the shorter positive trend channel (green) AND the resistance line at 3.84$ (fib retracement 61.8%)
next support is lower limit of the negative trend channel (red) and / or the support-line at 2.60$ (fib retracement 38.2%)
"Quite frankly, our top priority is to not dictate our strategy exclusively by the price of IOTA, in fact, our strategy is it to decouple ourselves from this whole market craze as soon as possible, and establish IOTA as the first legitimate project with use cases that add concrete value to society.
Remember when we were speaking about Blockchain helping the developing world by solving crucial issues related to trust, corruption and financial access? Very few do. The focus is now on where the quickest gains are to be made, and quite frankly, most of the people at IOTA are disgusted by this, as it will achieve nothing but make those early adopters rich (I mean the Ripple Founder being one of the richest individuals in the world, to me is one of the most ridiculous things ever).
So to quickly answer your question: no. We do our own thing. Let the crypto-currency market do theirs."