MertErten

IOTA/USD POINT & FIGURE / Fibo Price Target 1:10 Risk:Reward

Long
BITFINEX:IOTUSD   IOTA
Fibo Price Target 1:10 Risk:Reward

Updated for clearer picture.

O Support
X Resistance

Point & Figure a great charting technique to understand the sentiment.

Basic trendlines also apply.
Increasing O's indicate increasing buyer power and areas of supply.
(Think of it as tug-of-war between X s and O s.)

Target +7,5$ in first wave.

SL on chart.
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.