Let’s analyze both these charts and see where the price is heading to next.$IOTA #IOTA
— Michaël van de Poppe (@CryptoMichNL) January 13, 2020
This one is showing a similar picture in the $USD pair. Acting against resistance. Either flipping that would be a long or otherwise retest of green.$BTC pair; needs to hold 2250-2270 as support and then we can aim for 2670.
Interesting PA. pic.twitter.com/OEsI65EnrO
IOTA Resistance Area
The IOTA price has been decreasing since September 21, 2019, when it reached a high of $0.315. The price began creating all-time lows in December 2019 and bottomed out at $0.148 on December 18. The price has been increasing since. Currently, it is trading inside the $0.20 resistance area, which has previously acted as support. The price has created two long upper wicks, hence the bearish retest outlined in the tweet. The next resistance area is found at $0.23.
Parabolic Support
The price increase since the aforementioned bottom on December 18 has become parabolic. While this is unsustainable in the long-run, price increases at this rate can be extremely significant in a relatively short period of time. In addition, there is a possible ascending resistance line in place. The most probable outcome here would be a breakdown below the parabolic support line, after a possible increase above $0.2, most likely in the form of a wick.

IOTA/BTC
In the IOTA/BTC pair, the outlook is almost reversed. The price is trying to hold on to the 2285 satoshi support area, which also coincides with the ascending support line that has been in place since December 23.

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