Long

IOTA Possible Cup & Handle.

Updated

We have nice 0.618 fibo at 0.74 (thats our target)
I've expected going to that point without drawing handle today, when bitcoin could break 4380 resistance. But we see what we see.
We have bad drop with bitcoin dump and less than 50% fall (50% of cup)
Bitcoin can go lower today or tomorrow but i guess iota is not going to push that 50%.
Looking for opportunity to buy on breaking that cup at least. And maybe will buy a little on 50% (0.55 - 0.555 with stop at 0.53) if bitcoin will push lower in next 12-24 hrs.
Thats only one short term buy to afford for me currently.

Note

Cup height is ~0.17 so we can go to higher resistance on 0.775 but not higher.

Note

Also possible that typical bullish flag is forming and we can go up 0.13$ depend on when we will break. Keep that in mind.

Order cancelled

Trade closed: stop reached

Note

Bullish harmonic pattern is possible. And great fall while we will draw that. Touched resistance line twicely.

Trade active

broke down fibo level 0.382 and downtrend line. Looking to buy around 0.382 if we will go there to retest

Trade active

Opening position currently.
First target 0.575-0.578. Then next target ~0.6267 (0.5 fibo level)

I've lost access to this chart and without Pro account i can't switch to clear one to made new chart, my main chart is too "dirty". Just hit play button sometime and you will see.
Pushed 0.382 with good volume so its only beginning. Watch BTC as always and trade using your brains.
I'm not responsible for any losses you get, because who am i?

Note

touched fibo support level

Note

That was hot. It seems we are going to test 0.37 fibo level again. H&S Opening long position right there. Neck line was broken at 0.46 and shoulder height ~0.09$.
Don't worry about your possibly opened positions on 0.50-0.52 without stoploss on breaking fibolevel. That's still very good price.

Note

Somethin' gone wrong and i've deleted part of my comment. Seems to be H&S so 90% we are going there. Waiting for one more alts dump at least.

n0rt

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