14skowalczyk
Long

IOTA breakout soon, could double in price

BITFINEX:IOTUSD   IOTA / U.S. Dollar
294 2 3
IOTA is getting close to breaking the upper line as it follows the trend line , could take as much as 4 days or breakout early.
we were above 4.24 and broke the resitance line but what exactly happend right now?we are going down sharply,can somone explain?I am a bit confuse.
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Raggyman salehiialii
@salehiialii, Profit takers.... they have been in the market for a long time. Bump the price and dump straight away. Catches those who have the limits on purchases on the way up, and that continues to drive the price. Same on the way down, it falls through with all the stop limits. Not solid consistent growth, but the classic pump and dump.
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