The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout.
MACD's trend is up another good sign.
Entry : 1) On the lower of the triangle or 2) Buy now or 3) On the breakout.
Target : 80% or approximately $9.
Stop loss : break below the lower side of the triangle, Exit.
I will keep this thread alive with updates. Post our thoughts, please.
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Testing the top the triangle. Once broken, target is $5.15, $5.50
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Testing the top of the triangle. Once broken, target is $5.15, $5.50
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Price could not break the top triangle. Falling heavily.
I may close on Pull back to the triangle and buy back at lower levels.
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Pattern broke downside. So call closed. One can close now or wait for a pull back towards the triangle.
Next support at $3.
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My support levels :
Minor Support Levels : $3.85 Minor Support Levels : $3.55 Major Support Levels : $2.8 - $3.05
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Hello friends, just a reminder. We are getting close to the Support.
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Friends,
Here is the update on IOTA
It is day timeframe, One candle = 1 Day. Expect things to move in a week
Also watching that triangle. The stochastic rsi looks a little weak on longer time frames though. Also keep in mind that the IOTA tangle network has been so congested it hasn't been able to even work, that's a bit more with fundamentals but may be worth considering