From our stats, IOTA seems to be slowing down as it is down two percent for the week and in the last 24 hours. Anyhow, this is was our expectation following that strong push in the week before last.
In our daily chart, it’s clear that prices are still in consolidation mode and oscillating within April 25 high low. We shall be neutral with a bullish skew as per our previous IOTA technical analysis.
I recommend patience until there is a stochastic buy signals printing at around $1.60 in lower time frames or buyers pushing prices beyond $2.20, our immediate resistance. Because of this trade plan, our immediate take profit lies at $3 and $4.5 in the short term.