IOTA price (Friday, June 1st): A bright future for IOTA price in short time

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The shadow over crypto market seems to miss out the IOTA price

In chart H4, the Head and Shoulder pattern was formed within IOT/USD and the IOTA price broken the neckline and fell immediately to the target price. After reaching the target level,  the cryptocurrency price experienced a steep bounce-back, indicating that the reversal trend faded away after the appearance of the pattern, and the bullish trend is in the process of working. However, the Elliott Declining Wave in Expanding Triangle is still in effect. Therefore, the IOTA price can climb up to $2.1, and if the cryptocurrency price cannot break above this key level, a slide-down will be definitely in action.

Written by nami.today

 

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