IOTAUSD trade ideas
IOTA/USDis it me or most alts are forming double bottoms... is the next 2-3 years ( 2020 - 2022) going to be a move to the upside?? all i can say is i think we are in a very fortunate phase and we should just buy what ever crypto we are researching on .
IOTA BEAR FLAGi observe this bear flag on BITFINEX:IOTUSD , the uptrend trendline violated so the pattern seems to be in play.
Trade opportunity is to go short, A measured move of the impulsive leg down put targets at $0.126
There is however a chance the market interprets this as a pennant in that case the move will be smaller and target is at $0.1560, in that case it may be building a bottom
Massive Head and Shoulders IOTAIOTA is a very promising project but the market doesn't care about this. It will see new lows as bitcoin corrects.
Im taking the length of the head to the base and copying the lengt from the neckline and downwards and end up with a target of 0.13. Great place to close short.
