IOTA's Price Action Analysis

Sure enough, IOTA’s price also seems to be struggling and December and January rallies weren’t able to bring it to the key resistance level and 23% Fibonacci of 0.00011. Even worse, two weeks ago the IOTA/BTC pair broke below the daily Ichimoku cloud. We’re now waiting for the 5th Ichimoku moving average, the Chiko span to break below the cloud as well to confirm a longer-term bearish period. For now, The pair could be headed towards the lows of 2018 and October 2017, at 0.00006.​