llywellyn

IOTA Long - Target 25-50% Gain

Long
BITFINEX:IOTUSD   IOTA
IOTA looks to be building strength & should follow BTC on its recent move up. Indicators showing bullish divergence which should lead to a price increase & continuation of the long term bull trend. Consolidating in a symmetrical triangle with a likelihood of breaking up given the indicators - enter on breakout.

Enter ~ 3.76 - 4.1
Stop ~ 3.28
Targets: 4.79 / 5.81 / 7.08

If it breaks to the down side, keep an eye on levels 2.6 / 2.22 / 1.72 for signs of reversal.
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