IOTABTC breakout up to 15% profit in the short-term

Major bounce from the mid-term support trend line lead the price action to the descending triangle pattern. Technical analysis is neutral at the longer frames. Such situation is favorable due to BTC fluctuations.

The positions is good for 1-7 days duration. At the short-term timeframe bullish flag is formed with a great breakout potential. The price is going to hit the band and according to Momentum (10) and DMI will break it. Moreover we have hidden bullish divergence at the chart which enhance the forecast.

Buy only when the price goes above the specified confirmation level of 0.0000299

Take profit targets are:
0.0000311
0.0000319
0.0000328
0.0000443

Stop loss:
0.0000269

Trade stängt: målet nått