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
IOTAUSDT trade ideas
IOTAUSDT us ready for the breakout 🦐IOTAUSDT had a nice breakout from descenidng channel and now the price wants to test the daily resistance. IF the price will have a breakout and retest the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IOTAWednesday, 5 May 2021
6:51 AM (WIB)
IOTA has shown consistent and significant uprising movement for several times, also The Bears has confirmed the ascending channel with clearly Resistance and Support lines. When the price visit the support lines, it is the best time to purchase for long term investment. Caution: Do not dare to trades on IOTA at the middle of the channel, the price so unstable.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
IOTAUSDT Potential BreakoutWatch IOTAUSDT for a potential Trendline Breakout, and Trend Continuation Trade.
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Watch me!Where are your wallets, wolves?🔥
Now it is gonna fill with money making opportunities!
One more Flag formation on IOTA/USDT currency pair.
This should be a good trade, coz price had a bullish impulse and then entered into consolidation.
After that price bounced and now is heading to the breakout of this pattern.
Price bounced from support and resistance zones multiple times.
So follow the chart and look for the breakout carefully.
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IOTAUSDT, Will go high very soon?Hello traders, like always everything is clear on the chart for you. So consider and monitor the price behavior in the circles. It needs to try again to break the resistance zone for growth. Good luck.
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