The IOTA / USD pair has been recovering in recent days and can enter a buying zone as indicated on the chart.
Factors:
It is close to breaking a long-term LTB and crossing the average of 200 periods.
It has gained some levels of resistance and the next U $ 1.54 crosses the average of 200 and the LTB.
We have the stochastic coming out of the oversold area.
We also have positive factors in the composition of the IOTA Foundation staff and especially in recent days a "detachment" from the BTC quotation -0.68%.
It is advisable to wait for the crossing of the LTB and a possible pull back.
Let's wait!
Trade with intelligence!
In this correction of the IOTA / USD pair we have two possibilities:
a) What is probably wave 2 can come up to US 1.27 which corresponds to 0.786 of fibo and continue the motion in wave 3 and finally break the LTB.
b) The long-term correction has not finished and continue with the price falling until breaking the LTA and look for smaller values.
Let's wait!