IOTA/USDT Breakout Double PG

IOTA is one of the cryptocurrencies with a signal on the monthly chart. Here we can even find another PG on the weekly chart. Both of them together sparked a real price explosion and transported us to the $1.58 mark.

On the weekly chart, we might get a consolidation at high levels. After all, last week left a not so nice weekly candle. Maybe we manage to overcome the last weekly candle and form a close above it. There are still a few trading hours until the closing price of the week and perhaps even larger buyers come into the market.

IOTA has definitely become a very interesting cryptocurrency and could have much higher valuations in the future. If everything goes well, then we will form new PGs soon and get renewed entry opportunities.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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