A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Possible scenariofor IOTBTC. Lets see how it goes in the next weeks.
If the trend continues it is possible to see a new ATH in May.
!This is Not Financial Advice! My thoughts on 1Inch (DEFI). Information in the chart. Good Luck! coinmarketcap.com www.youtube.com
Watch for a possible breakout at the former uptrend line. If we fail we will look at around 0,70 for support.
We have a strong support at around 0.76 which will be the downend of the flag. We will have to wait at least 3 days until we see the breakout. Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a...
A rising wedge is formed when price consolidates between upward sloping support and resistance lines. In my opionion that what we have here. Also we have IOTA with a huge potential in the future. Find your entry and enjoy the ride! Follow me for Updates on IOTA!
In a stricly technical view of IOTA we have a pennant. 4 H Chart. Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. However, if a pennant is not accompanied by a flagpole, then it's not a pennant. Also, performance depends on a strong price trend leading to the pennant.
My thoughts about IOTA. When it breaks the 0.30$ barrier we are off to 0.40 $ and 0.50 $