scorpiomanoj

IOTA / USD - Nice bullish setup

Long
BITFINEX:IOTUSD   IOTA / U.S. Dollar
IOTA / USD CMP 1.91
Daily chart
Bias : Long
Rationale:
1) Price breaks upward trending resistance line with huge volumes.
2) Further complemented by penant breakout which resulted in the current spike.
3) Good one to go long with a target of 2.25 plus.
4) View not valid if price drops below 1.65.
Trading is my passion.

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