$IOTA/USDT 1h (Binance Futures) Ascending triangle breakoutMiota broke out of that triangle and is looking ready for a leg up in my opinion.
Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730
Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
Iotausdt
IOTAUSD D1: XABCD BULLS 50% correction possible(SL/TP)(NEW)IOTAUSD D1: XABCD BULLS 50% correction possible(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IOTAUSD daily chart review
::: XABCD BULLS in progress now
::: currently CORRECTION MODE
::: 50% losses possible
::: BUY LOW point D / PRZ
::: right now SHORT into BOUNCE
::: up to 50% gains on sell side
::: short-term BEARISH
::: up to 50% downside from here
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: details: see chart
::: recommended strategy: SHORT/HOLD after correction
::: TP BEARS +50% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment short-term: BEARS/CORRECTION
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.
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✳️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.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade