IOTA/USD
IOTA broke down of the bearish descending triangle pattern on January 16, which gives it a pattern target of $1.10.
However, the cryptocurrency took support at $1.93 levels on Jan. 17.

Currently, the IOTA/USD pair is retesting the breakout levels of $3.032. If the bulls breakout of the overhead resistance and the downtrend line, our bearish view will be invalidated.

However, if the bears defend the $3.032 levels, we are likely to see another bout of selling, which will retest the lows.

We don’t find any clear pattern; hence, we are not recommending any trade.