Hi dear friends, hope you are well, and welcome to the new update on the IOTA coin.

Rejection by the resistance of weekly triangle:
On the weekly time frame, IOTA is once again rejected by the resistance of a big symmetrical triangle.

Small triangle:
Priceline has formed a small triangle on the 4-hr time frame, and now it may retest the support of this triangle. But is IOTA breaks down this small triangle then it may test the support of a bigger triangle on the weekly time frame.

Bullish divergences:

There are different divergences that appeared on different time frames as below.
4-hr hidden divergence, as the priceline forming higher lows but RSI setting lower lows.

Daily bullish divergence , as the priceline forming lower high but RSI setting higher highs

Weekly bullish divergence , as the priceline forming lower high but RSI setting higher highs

Therefore, soon we can expect a big breakout and long-term rally.

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