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IOTA
Updated

IOTAUSD log trendline buy signal

459
IOTA has entered a strong support zone, this is a trade for at least a month going forward. A midterm entry/stop/target are indicated.
Note
Entry - $0.93-0.85 range.

Stop - $0.64

Target -$2
Note
Wasn't as smooth regarding the bounce off the trendline, but already 70% up.
Note
Good time to take 15-20% off the table and lower our entry point to make a risk-free trade, with a stop loss under last bottom ~$0.89
Note
If you sold some at above $2, or have some free capital, adding to IOTUSD position at $1.67-1.55 region is a good idea. Currently doing wave 5 of C likely. snapshot
Note
Touching the same (green) trendline once again. Wonder if it will hold this time. Probably should be a good support zone.
profghibli
Trend 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.
Trend Analysis
profghibli

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.