IOTA (Possible 20%+ Bounce or 100%+ Break-out)

14 déc. 2017

My recent thoughts on IOTA.

14 déc. 2017

Note

And here are all my thoughts haha..

Many people are saying it has broken the symmetrical triangle it formed after its break-out on Dec 6th and advise selling. In very short-term, yes this may be true. But relaxing the constraints on this symmetrical triangle we can still see room for to a low of ~$3.30 with then great upside from there. It may panic sell if it drops ~$3.25, but then snap right back up as we see this happened around Dec. 7th. Just make sure to manage your risk.

Long-term IOTA is looking great in my opinion. I'd just started technical analysis three months ago, but I am a software developer and hold a degree in Computer Science if that gives me any type of legitimacy idk. But I can not get the idea behind this technology out of my head. A machine-to-machine economy; a business-to-business token. It makes the most logical sense among many cryptos.
- Tesla's Self-driving fleet needs a currency - youtu.be/vb25sZbsFtw
- Dell's vision for IOT - delltechnologies.com/en-us/iqt-day/index.htm?cmp=iqtlaunch-social-youtube
- Tolls on highways throttle prices real-time based on congestion - npr.org/2017/12/12/570248568/are-40-toll-roads-the-future
- And then you have all the applications they are researching with Mircosoft, BOSCH, Fujitsu