Get started
davearmitage123

Possible bullish move around the 8th Jan

Long
IOTA (BITFINEX:IOTUSD)  
davearmitage123 Updated   
BITFINEX:IOTUSD   IOTA
Support and Resistance Triangle
2
1
supportandresistance triangle
Triangle forming which may indicate a possible bullish move around the 8th Jan

If we cross through the triangle there may be resistance around...

Level 1 - $4.33
Level 2 - $5.17
Level 3 - $5.88

I'm new to TA so please rely on your own judgements and invest wisely.


Happy Hunting :)
Comment:
We crossed the triangle's resistance line which then got met my another resistance as marked out. This pushed us back below the original triangle's resistance.

I am still following this triangle and still feel bullish action around the 8th Jan or before.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.