IOTA DOWNTRENDLINE BROKEN!
After almost 3 weeks of downtrend and accurately following the downtrendline.
IOTA has rallied last night and has finally broken the downtrendline resistance and is own its way to old glory now.
I saw the reverse early with a rising wedge (post before) that was followed by some sideways action and then concluded in the rally to break the downtrend line.
It is still cheap though.
Time to get in!
Buy: 46
Target 1: 64 Resistance level
Target 2: 80 Resistance level
Target 3: 98 Resistance level
Target 4: 109 All time high
If you want to play safe, wait with byuing until 47.5 which is about 3% above the downtrend line and another confirmation of the reversal.
IOTA has rallied last night and has finally broken the downtrendline resistance and is own its way to old glory now.
I saw the reverse early with a rising wedge (post before) that was followed by some sideways action and then concluded in the rally to break the downtrend line.
It is still cheap though.
Time to get in!
Buy: 46
Target 1: 64 Resistance level
Target 2: 80 Resistance level
Target 3: 98 Resistance level
Target 4: 109 All time high
If you want to play safe, wait with byuing until 47.5 which is about 3% above the downtrend line and another confirmation of the reversal.
Note
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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.
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.