After the hardfork of BTG life came back and rose.
News say that the german foundation WINHELLER will now support IOTA - these are good news.
Price of IOTA jumped up to 0.50$, where we find a fibb retracement 23.5%. For three days the price consolidated at this level before making the next bounce to 0.61$ where we find next fibb retracement at 38.2%. It´s now the new support line.
Looking closer (4h candles) one can analyse a "3-rising-valleys" formation. This is a positive pattern.
The upper line at 0.64$ has to be broken to signal climbing prices.
The lower line at 0.55$ has not to be broken; otherwise the trend ended.
RSI: 60 - positive!
When stays at these levels (or higher) then I expect higher prices for IOTA.