Our first target from our original post of IOTA was hitted.
There is really good potential of making a new trade with a potential head- & shoulderpattern.
Buy options:
- You can buy at 45-46 cent, just above the big support line of the 45 cent;
- You can wait the breakout of the neckline of the potential head- & shoulders pattern at 49 cent;
- Or you can buy at a breakout of the red resistance line.
A good stop-loss would be 45 cent or just below.
Target levels: 56 cent and 65 cent.
There is really good potential of making a new trade with a potential head- & shoulderpattern.
Buy options:
- You can buy at 45-46 cent, just above the big support line of the 45 cent;
- You can wait the breakout of the neckline of the potential head- & shoulders pattern at 49 cent;
- Or you can buy at a breakout of the red resistance line.
A good stop-loss would be 45 cent or just below.
Target levels: 56 cent and 65 cent.
Note
There is 1 more good buy moment. When it breaks the red line as I show below: Trade active
Our trade is active, we bought at 0.441 usd.We got a really high reward/risk ratio of 9/1:
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.
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.