12/4 11:40pm - Unfortunately, Iota broke out downward which extends this trade, expecting break out to be next week. May go as low as $3 before bouncing off to return bull'ish.

This is a short trade, for anybody crazy enough to want to short Iota, because this coin should be stashed away and never traded away for 2 years minimum. It's the best coin to blow up! But anyways... big consolidation happening in a pennant pattern.

One would assume it is a continuation of the upward trend from before, but it also depends on what Bitcoin wants to do as well. If Bitcoin is still kind of going sideways around the $17,000 - $18,000 range this week (as I predict in my other post) then Iota is very likely to break up.

Catch it at an entry point alittle more than $5 to guarantee you get in on the action & to make sure it is indeed a break up. If it does break; I'd say $7 is a good price it'll reach or peak at.

It can break out any time between now and Friday. But me personally; I don't care about Iota's price or any movements, I'm holding this bad boy until 2019.

Happy Trading!

p.s. - This will be my last prediction chart I post until Friday. I've got some hella work to get done, mainly my course!

Disclaimer: Crypto-currency trading involves substantial risk of loss and is not suitable for every investor. It is your responsibility to research, confirm, and decide which trades to make. read more
James fend 4c61ae2e2af543ac4296434f02bd146942cc614a96f05bb382f8928130862c37
James Fend is a crypto swing trader. James uses calculated strategy to spot coins primed for a breakout and profits when it peaks. Outside of crypto; James is the Founder of Helpify and Feedbackz and specializes in inbound marketing and design.