Iota preparing for a breakout.

Updated

After the push upward iota now levels at the 200 MA building a nice funnel right at the ma level. (H3)

Looks like a nice chance for a low risk, high potential trade. Based on the overall action i would guess up, but could be both.

Trade active

So much for the "i guess up"... Let's hope its not a fake breakout.

Trade closed: stop reached

Well, bugger.... BTC is going as expected. Iota was to jumpy :/

Also on:

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.