spacemonkeey

How I'm trading the IOTA Triangle

spacemonkeey Uppdaterad   
BITFINEX:IOTETH   None
The waves are perfectly hitting the fibs. Never seen a trade setup more clearly.
Kommentera:
Updating to say we are very much still on track. We are gaining multiple support levels on the RSI and are very near the 'bullish' zone (65+ on the RSI.) Have not needed to adjust any part of the chart yet.

Kommentera:
Price action is currently consolidating between the .5 and .618 retracement levels. The RSI is also beginning to break down established supports. While this doesn't invalidate a breakout of the triangle, we are quickly losing our sell target area, if the price is to reach the .382 level as previously noted.


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