This is the iota/usd on the 4h chart. As you can see it moves between the two lines the last weeks. I expect it will bounce against the bottom line and will become bullish. There are two scenario's from that point.
1: It breaks out through the top resistance line.
2: It will go down once more, looking for support and breaks out after that since the support- and resistance line will meet at that point.
I advise you to follow the chart very closely when it's near the resistance line. When we reach that point I'll update this idea to share my thoughts about what to do.
1: It breaks out through the top resistance line.
2: It will go down once more, looking for support and breaks out after that since the support- and resistance line will meet at that point.
I advise you to follow the chart very closely when it's near the resistance line. When we reach that point I'll update this idea to share my thoughts about what to do.