1) It crashes through the bottom : Very likely ( 50% chance) given the current state of things . Get out of your trade positions , hold the long term positions
2) Crawls up the bottom of the channel for a few months : (45% chance)We get to something like $7-10/MIOTA and see where it goes from there. Not a bad return given how this year has started
3) It bounces to the top of the channel : (5% chance) There would need to be some great news - big partnership, new wallet, tangle stabilizing, co-ordinator removal etc etc. We cannot ignore the fact that every positive event in the last 2 months ( Bosch Investment, Netherlands and Taipei using Tangle, rebuttal to MIT Labs etc ) has been ignored by the market in increasing IOTA price. Karmic due for IOTA has built up in last 50 days. If only Bitcoin was more supportive.