IOTA swing trade opportunity
Reasons to open a swing trade:
Price action formed a falling wedge ( or descending triangle) on falling volume. (Both tend to be continuation patterns.) On IOTA/BTC chart, price is currently sitting on 100 day simple moving average.
If we look at IOTA/USD chart, price broke through falling wedge forming invH&S. Price also is sitting near pre-pump support area.
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Trading strategy: Buy break out from inv.head and shoulders on dollar chart on volume expansion.
Stoploss depend on what you are willing to tisk.
Price action formed a falling wedge ( or descending triangle) on falling volume. (Both tend to be continuation patterns.) On IOTA/BTC chart, price is currently sitting on 100 day simple moving average.
If we look at IOTA/USD chart, price broke through falling wedge forming invH&S. Price also is sitting near pre-pump support area.
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Trading strategy: Buy break out from inv.head and shoulders on dollar chart on volume expansion.
Stoploss depend on what you are willing to tisk.
Nota
Targets will depend on Fib.LevTrade ativo
Broke through 4H cloud
Nota
got stopped out .Nota
will keep an eye on this fractal resistance level.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.