The buying pressure at $1.1 has helped IOTA break out of the accumulation around this zone for the past few days and it is ready to move up to the $1.4, $1.6 and $1.9 zone in September. But if it loses the $1.1 zone, it will fall to the area of 0.9$

📈RED PLAN
🔴Buy : 1.07-1.13$. SL if B
📉BLUE PLAN
🔴Sell : 1.37-1.43$. SL if A 🔴Sell : 1.56-1.64$. SL if A 🔴Sell : 1.86-1.94$. SL if A
🟣PURPLE PLAN
🔵Sell : 1.07-1.13$ if B. SL if A 🔵Buy : 0.88-0.92$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • IOTA is a permissionless distributed ledger "for a new economy". IOTA was conceptualized in 2015 and officially released in June 2017.
  • It targets the Internet of Things, through the use of an open-source distributed ledger. IOTA aims at supporting the growth of a machine economy by enabling "fee-less machine-to-machine payments", offering greater scalability than blockchain networks.
  • IOTA relies on the Tangle, which is a Directed Acyclic Graph (DAG). Unlike blockchains, DAGs do not rely on blocks, miners, nor a concept of a chain. Instead, a DAG is a network of transactions that are linked to each other in a tree-shape network.
  • According to the team, core features include: improved scalability (network activity is negatively correlated with settlement times), low resource requirements, zero-fee transactions, secure data transfers (through encryption), the addition of offline transactions, and quantum immunity.