Internetofthingsapplication
Iota blasts thru double bottom neckline right @ golden crossLike so many other alt coins before it this alt season. Iota is taking the golden cross as an opportunity to blast off out of its current chart pattern which for Iota was a double bottom. Still decent amount of gains to be had to get to its target, some sort of pull back would be much more rewarding entry but hard to tell if it will be that generous. *not financial advice*
$IOTA/USDT 1D (Binance Futures) Falling wedge breakout & retestInternet Of Things Application is pulling back to demand zone, retesting 50MA support, seems like a nice place to start a swing!
As its name stands, this is an IoT project also available of BSC, more information on www.iota.org
Current Price= 1.3333
Buy Entry = 1.3424 - 1.2540
Take Profit= 1.6873 | 2.2630 | 2.7920
Stop Loss= 1.0753
Risk/Reward= 1:1.75 | 1:4.33| 1:6.7
Expected Profit= +29.97% | +74.32% | +115.07%
Possible Loss= -17.17%
Fib. Retracement= 0.702| 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3.5 months