The chart pretty much explains itself. Will IOTA go further down inside the falling wedge or will it break out? Depends very much on BTC as well.
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After getting outside this week, it's inside the falling wedge again. The second blue line is to catch the spikes on daily chart so you can ignore that.
Unless the 0.65 Resistance breaks, the current 1D Falling Wedge should deplete near 0.4560 and aggressively break towards 0.32:
MichaelShutterbug
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Agree with the falling wedge, but prefer candle chart. In the daily we saw a fake-out and now it is trying to get back into the falling wedge. Can imagine the low in December between 0.19-0.25USD followed by a similar rally as we saw in April. Good luck and cheers