IOTA has a strong resistance on daily timeframe from APRIL and a new resistance formed from SEP, however, smaller tfs on IOTA are turning bullish, looks like IOTA is getting ready to breakout of this month old resistance. The recent crash helped IOTA forming up the right shoulder.
- Inv H&S on 4hr timeframe.
- 200 EMA support is there just below the price candles on 4hr and daily tf, so less risky.
- Falling wedge on 4hr.
- Support is becoming stronger and resistance is getting weaker.
- Inv H&S on 4hr timeframe.
- 200 EMA support is there just below the price candles on 4hr and daily tf, so less risky.
- Falling wedge on 4hr.
- Support is becoming stronger and resistance is getting weaker.
Trade closed: target reached
Target 1 and Target 2 reached <3Crazy gains, 28% on Spot and 280% on 10x.
Trade closed!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.