IOTA/USD - Bullish ascending triangle, wait for support touchIOTA touched the top of the ascending triangle and is likely to retrace at the $0.30 cents support before we can push higher.
The chart structure looks bullish overall, therefore expect a push out of the ascending triangle to test the major resistance at $0.55.
This is the most likely scenario unless BTC pushed lower towards 20k.
Like and follow!
Iotausdt
✳️MIOTA/USDT (24/11) View + Trading Plan #IOTA $IOTAIOTA is at the key resistance of 0.4$, and where to close the 1D candle will be crucial to the next trend of IOTA.
If IOTA conquers this 0.4$ zone, it will rise to the 0.5$ zone and a high possibility will continue to the 0.55$ or even 1$ zone.
However, if IOTA fails at the 0.4$ zone, IOTA will easily plummet to the 0.3$ or even 0.2$ zone.
📈BUY- LONG
-Buy: 0.38-0.4$ if A, SL if B
📉SELL-SHORT
-Sell: 0.475-0.5$, SL if A
-Sell: 0.55-0.575$, SL if A
-Sell: 0.95-1$, SL if A
♻️BACK-UP
-Sell: 0.38-0.4$ if B, SL if A
-Buy: 0.285-0.3$, SL if B
-Sell: 0.285-0.3$ if B, SL if A
-Buy: 0.19-0.2$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Long IOTAUSDT ( 03/12/2020 ) Confluences:
+ Break Out ( BO ) Triangle on H4
+ Touch Trendline on D1
+ Fibonacci Retracement 0.7
+ Round Number ( ~0.34 )
- Take Profit:
+ Way 1:
- CLOSE FULL Profit at 1 R:R
- Way 2:
- 1/2 Profit at 1 R:R
- 1/2 Profit can use with 2 R:R, 3 R:R, ...,
Next Resistance ( My way is using Trailing SL
with SWING POINT )
IOTAUSDT - Far level retest.The price is returned for the retest level - the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
IOTA Buy the Support.IOTA - Intraday - We look to Buy at 0.2471 (stop at 0.2428)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look to buy dips.
Dip buying offers good risk/reward.
Pivot support is at 0.2450.
We look for a temporary move lower.
Our profit targets will be 0.2595 and 0.2669
Resistance: 0.2570 / 0.2600 / 0.2660
Support: 0.2530 / 0.2500 / 0.2460