In the previous IOTA review, we wrote about a large range of IOTA rate: $ 1.1 - $ 2.2
The upper boundary was tested and not passed. A new growth attempt from $ 1.5 couldn’t even reach the $ 2.2 mark.
And now the rate on an increased volume went down out of the triangular consolidation.
It seems that the movement to support level at $ 1.1 begins. Moreover, MA cross is on sale on the daily charts and is already close to indicating sale on the weekly ones.
In case the $ 1.1 support does not stand, the next reduction target is seen at $ 0.67.
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