Greetings traders! As you can see, IOTUSD reveals a new triangle pattern. In this case, price can go up or down, so I recommend to open two stop orders. Volume is decreasing, which supports triangle pattern confirmation. At the moment, MACD is revealing a new bearish tendency, this can mean triangle breakout will occur at 3.9, but we should wait for more information.
Recomendation: Set a BuyStop and a SellStop order.
My BuyStop: 4.34017
BuyStop TP: 4.81144 (Hal the height of the triangle)
My SellStop: 3.89244
SellStop TP: 3.41139 (Half the height of the triangle)
If you find this analysis helpful, do not forget to follow, like and comment! :)
Recomendation: Set a BuyStop and a SellStop order.
My BuyStop: 4.34017
BuyStop TP: 4.81144 (Hal the height of the triangle)
My SellStop: 3.89244
SellStop TP: 3.41139 (Half the height of the triangle)
If you find this analysis helpful, do not forget to follow, like and comment! :)
Kommentera:
IOTA testing triangle breakout.
Trade stängt: målet nått
