IOTA some patterns to watch out for

Dec 10, 2017

Three possible patterns to watch out for that could give us a buy opportunity

1) Bullish pennant (blue)

How to trade:
We have a buy opportunity If resistance break
TP = $5.5

2) ABC correction to trend (orange)

How to trade:
We have a buy opportunity if we get a reversal candle near trend
TP1 = $3.55
TP2 = $4.45

3) Double bottom (red)

How to trade:
100 MA is catching up, Fib level near $3 mark
We have a buy opportunity if we get a reversal candle near the $3 mark
TP1 = $3.55
TP2 = $4.45

Dec 12, 2017

Note

looks like it might break that bullish pennant (blue)

Dec 12, 2017

Trade active

TP $5.6

Dec 14, 2017

Note

broke the pennant, looks like we go down more

Dec 17, 2017

Note

we might see a breakout soon

Dec 19, 2017

Note

broke out, retested and off we go!

Dec 20, 2017

Trade closed: target reached