As you can see IOTUSD forming gramophone pattern which is quite unpredictable and dangerous for trading but I think that here could be only 2 scenarios. Firstly bullish, if we break through bisector (green line) of this triangle (gramophone pattern) it's will be very bullish and we will see 3$+ with high possibility. Secondly we dont break this resistance and go to another dip... target around 0.5 - 0.65
It's not financial advice... just idea.
Good luck and trust only your self.
It's not financial advice... just idea.
Good luck and trust only your self.
Note
we broking out but we need close this day above these lanes, buy 1.78-1.80 stop 1.74
Trade active
I think it's time for small correction
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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.