Iotausdtrade
IOTAUSD to drop by ~30 pips based on Trend AnalysisFollowing the trend lines, we can observe that IOTA will follow a downward trend, remaining within the main funnel. Since the shorter downward trend suggests movement within the main funnel, we can expect more aggressive swings as it gets closer to the trend lines. I will update you as the price changes. What do you think about it? Would it go under parity and stay there or?
IOTA Bullish Gartley Day TradeBITFINEX:IOTUSD
Type: Long
Entry: Break above 0.9590
Stop: 0.9400
Take Profit: 1.272
Rationale
- Gartley pattern
IOTA. It's dangerous to buy now the trend line was break by buyers, after sellers returned the price under the trend line after 2 months.
After breaking the trend line down, its test is now under way. If he is successful - then I see the following:
1) The price falls to the price zone 0.74-0.81 - from where it again tests the trend and goes 0.51-0.56
2) The price falls to the price zone 0.74-0.81, from where the rebound begins to 1.11-1.21
I will consider the long variant only when the price is fixed above the price range of 1.11-1.21.
IOTAUSD makes Head and Shoulders BreakoutIOTAUSD makes Head and Shoulders Breakout in down side and now goes to touch new support level.
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