IOTAUSDT trade ideas
IOTA - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
I found IOTA chart interesting! ( H4 timeframe )
IOTA is overall bullish trading above the lower blue trendline.
However, now it is stuck inside a range in the shape of a symmetrical triangle. And every new candle is making the range even narrower.
Well as per the textbook, a symmetrical triangle is a bilateral pattern, which means it can be broken on either side.
I am looking to add IOTA to my portfolio, but before we buy, we want the buyers to prove that they are taking over.
As per my trading plan, I will be waiting for a new swing to form around the upper blue trendline, (projection in purple) to consider it valid then enter on its break upward. (gray zone)
And of course, as price approaches the lower blue trendline and green zone, we will also be looking for buy setups on lower timeframes. (short-term)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
IOTA/USDT Long PositionLaddering some buys downwards towards the bottom of this rising triangle that we have forming.
We've been trying to force our way through that pretty solid resistance.
If we get a breakout it should be a pretty massive breakout.
Iota still has very far to go in terms of a bullish run, so potentially could be a big trade.
There is an AMA with the IOTA devs today so hopefully some more good news will be coming.
Trade safe friends.
IOTAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
If we cross the resistance line, we will enter into a deal for the above purposes
But if green support is lost, which is unlikely, we can predict a decline
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Very strong possibility for a bullrunLooks like a potential break above what seems like a consolidation phase. Would not be surprised to see this challenge the 3$ mark. This is still tied heavily to the price of BTC so managing risk to the downside is a must if ever it reverses. That being said I believe the odds are good for a continuation upward.
This isnt a recommendation to buy, simply an observation of a trading pattern