@spacemonkeey, on the daily chart
1)moving averages cross from the top down
possible trend change to bearish
2) 2 candles on one level, are similar in size (maribozu)
talking about the oversaturation of the market and a possible decline
time:
3) low trading volumes
4) mac d crossing lines from the top down
4 sign of a possible price reduction
MikhailKosymbarov
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@spacemonkeey, Two scenarios out of the triangle:
1. the break of the downtrend line and
a further increase to 1.1$
2. the break of the uptrend line and
correction to 0.72$ 0.50$ (support levels)
Scenario number 2 is planned of shorts!
entrance: 0.83$
stop loss: 0.95$
goal 1: 0.73$
goal 2: 0.50 $
spacemonkeey
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@MikhailKosymbarov, thanks so much! looks like it may be time for a healthy correction (though I still wouldn't mind seeing IOTA soar)