IOTA Trending Upwards

IOTA has finally broken the $2 mark, where it currently sits at the time of this writing. This is a fairly substantial milestone for this coin as it has been facing troubles regaining footing in this handle for some time. Although we've seen a bit of a breakout, volatility does appear to be consolidating into a bull wedge pattern in the longer term, so we can finally expect to see more bullish momentum from IOTA. We are perhaps finally forming wave 1 of the next impulse wave, a welcome sign as the corrective phase has lasted since December. We definitely have support at $2, which is a psychological and technical level. If we break down from this level, we'll have support from $1.95, $1.84, $1.78, and finally from $1.68, the lower bound of a congestion zone. From above, we have a relative vacuum zone until the psychologically and technically significant $2.25, so watch for a breakout.

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