inverse head and shoulders and triangle confirmed 1. My ideas do not include any investment advice
2. Make your own research, decision and take a risk
3. Do never ever invest your whole money into cyritos
4. Do not open more than 2x levereged long or short positions instead regard it as an alternative in your portfolio as risk management tool
5. Distribute your risk by making a basket of minimum 3-4 cyriptos in your wallet
My idea in IOTA in hourly graph is a confirmed inverse head and shoulders formation and now completing triangle formation 1st target is .1.80 and based on the demand, BTC's agression price can stay there or if BTC stays stagnand and flat it an go till 2.35.
Good lucks .
IOTAUSDT trade ideas
💡 Don't miss the great buy opportunity in IOTAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.401). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5730
TP2= @ 1.6660
TP3= @ 1.7470
TP4= @ 1.9650
TP5= @ 2.2070
SL= Break below S2
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💡 Don't miss the great buy opportunity in IOTAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.401). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5730
TP2= @ 1.6660
TP3= @ 1.7470
TP4= @ 1.9650
TP5= @ 2.2070
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Follow happy man, target 1.70last time stopped my iOTA position.
I hope this one will work.
I am following happy man in 1h chart.
If it breaks, target will be 1.7
Follow the stop around 1.179
Please follow candle close prices.
I got the risk and already opened my position because I see a move in 4h timeframe.
I'll update after it it breaks resistance.
Please leave a comment if you join the trade.