.png)
When IOTA first came out I read up on it. It was interesting but I thought it was way overvalued.
I ended up missing this big rise. Today I am looking to add it to my portfolio as it's looking bullish to me :)
So this is getting in late, but I see much room for IOTA to grow. It's a a nice addition to any crypto portfolio!
Fundamental
This blog post from IOTA should be read:
https://blog.iota.org/iotas-data-marketplace-setting-the-record-straight-576fbf0b4513
I liked how they handled this situation. It shows good managment :)
IOTA is solid technology and putting some faith into the project could potentially pay of with a fairly good return.
No fees is a real good selling point with BTCs 19.08% current condition.
They are working on some exciting things. Check their website (also really cool website! :P)
I have limited understanding with the technolgy just to state that, but I have heard good things from people I trust.
Technical
I like the IOTA chart :)
Overall I think we might be in the third wave and with much room to grow on.
So right now we are consolidating a little bit here. Testing some fibs. I have outlined a good buy area. Let's see if it can go down there before it starts climbing again.
The target I am looking at for this third wave is between the 3.618 (19.3 UD) & 4.618 (24.6 USD).
If this goes terribly wrong then the biggest support area is back at 1 USD. I dont see that happening, but I could always be wrong.
If the waves is correct then there could be a major fifth one later in 2018 with IOTA.