After this downtred, IOTA starts to show an up signal.
We have an expansion range from the mode, that show us a strong movement.
The trend line was breaked, and the time just expired as well.
Moreover we are touching the low volume zone!
This is a good entry, but it is necessary to monitor if this range expansion will be breaked next 3 days. If we have new lows instead of news highs, it is a signal that the range expansion will not be breaked.
We have an expansion range from the mode, that show us a strong movement.
The trend line was breaked, and the time just expired as well.
Moreover we are touching the low volume zone!
This is a good entry, but it is necessary to monitor if this range expansion will be breaked next 3 days. If we have new lows instead of news highs, it is a signal that the range expansion will not be breaked.
Note
We have a new mode here:May take some more time to react.
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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.