IOTA Technical Analysis for 04/16/2018 – How High Can This Go?

• Published on: Apr 16, 2018 - 3:42 AM
• Source: Live Bitcoin News

IOTA is trending higher since its upside breakout from the wedge pattern previously highlighted. Price is now trading above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area and a bounce could take it up to the Fib extension levels next. The 38.2% extension is near the 1.7000 mark while the 50% extension is at the swing high around 1.7432. The 61.8% extension is near 1.8000 and the 76.4% extension is at 1.8572. Stronger bullish pressure could take it up to the full extension at 1.9590. The 100 SMA is safely above the longer-term 20 …