Lets take a look at what the IOTA markets have been up to lately.
Many contradicting signals on the market, with a monster H&S confirming the bears are still back in town, and the bulls trying to muster up two double bottoms on the neckline. In my opinion anything can happen.
I will look to the support zone should BTC emerge strong this week, putting pressure on the smaller crypto’s. Like usual I will monitor the resistance for weaknesses and possible bets with the bulls.
Support on the near term for me is at 0.00020500 btc – 0.00021000 btc, should we fail to consolidate above here in the week i might consider a short. Resistance is strong above 0.00022000 btc and I would expect some fomo to hit the market should the price break to the topside.