IOTA rising slowly with no signs of exhaustion

IOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation.

IOTA overall is a project I wouldn't trust and I'd put it in the league of XRP and some others. I don't think it is functional, but somehow it also has a following behind it and its development team is very active. Anyways, price says up, so up!

Kommentar:

IOTA did ok vs BTC, but because BTC dumped that messed up the whole situation. Currently looking decent and with more upside potential, but might be a bit slow given that older coins are taking a back sit.