IOTA is forming a rising wedge on the hourly timeframe
Bearish RSI divergence gives us extra confirmation
A break of support trend would give us confirmation that the rising wedge is in play
Target is 0.5 Fib retracement
Bearish RSI divergence gives us extra confirmation
A break of support trend would give us confirmation that the rising wedge is in play
Target is 0.5 Fib retracement
Order cancelled
We didn't have a break of support trend so our short was not triggered.Now we wait for new opportunities.
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.