Chartist_micro

IOTA/USDT Head & Shoulder Formation

Short
BINANCE:IOTAUSDT   IOTA / TetherUS
- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.

Target for downside = Height of Head

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