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Updated

How I'm trading the IOTA Triangle

570
The waves are perfectly hitting the fibs. Never seen a trade setup more clearly.
Note
Updating to say we are very much still on track. We are gaining multiple support levels on the RSI and are very near the 'bullish' zone (65+ on the RSI.) Have not needed to adjust any part of the chart yet.

snapshot
Note
Price action is currently consolidating between the .5 and .618 retracement levels. The RSI is also beginning to break down established supports. While this doesn't invalidate a breakout of the triangle, we are quickly losing our sell target area, if the price is to reach the .382 level as previously noted.

snapshot
spacemonkeey
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Chart PatternsfibIOTAIOTETHWave Analysis

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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.
Chart PatternsfibIOTAIOTETHWave Analysis
spacemonkeey
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.