IOTA-ETH; possible BULLISH

1 mar 2018

Lately I have monitored the recovery of IOTA from the beginning of february. We may are at a turning point. The price has made a triangle facing the negative trend line coming from the start of January. The volumes are decreasing with sudden increases on the positive spikes. The price has found support on a critical precedent resistance (the arrow points it) which is actually the 32.8% level of the FIBO retracement. A possible break out of the negative trend line with incresing volumes may turn in a bullish period towards the January, or before, price levels.
Stay focus on volumes.