IOTA Update: New Price Pattern! Check it out and read the blog!

in #bitcoin8 years ago

I had called for a H&S Top pattern on this, simlar to OMG. However, the symmetry is not very good. One condition of a H&S is that if you bisect the pattern, the two sides should be symmetrical. The RS has now further developed and become pretty non-symmetrical to the LS. For this reason, I will make the H&S Top the secondary count.

The new primary projection shows that IOTA is ready to resume it's uptrend. The triangle pattern and apex should now be familiar to readers of my blog. Price needs to pierce and convincingly exceed the upper white trend line..similar to the way XMR did!


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