In a stricly technical view of IOTA we have a pennant . 4 H Chart.
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move.
However, if a pennant is not accompanied by a flagpole, then it's not a pennant . Also, performance depends on a strong price trend leading to the pennant .
Worked out well. It may go back all the way to 0.35, 0.36. after that we are going up again.