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IOTA - Double Top Pattern Forming. / Time for reversal?

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IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing.

  • Orange - Resistance.
  • Pink - Support.
Nota
Price holding up, may break the resistance.

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