IOTA/BTC - Are the Bulls Waking Up?
Hello Everyone!
I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon, especially with a working wallet now, and another confirmation of a major partnership.
Towards the end of the large pennant, I have highlighted areas of potential scalp trading as indicated by the smaller orange pennants.
I have put trade zones in accordingly; now, some traders will enter a position before a breakout however; considering this is public, although this is not financial or trading advice, there is a duty of care to only highlight areas of a breakout from a bearish trend to the reversal. So, I have been very conservative in my trade zones to negate against any detriment, however, interpret at will.
Good luck.
I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon, especially with a working wallet now, and another confirmation of a major partnership.
Towards the end of the large pennant, I have highlighted areas of potential scalp trading as indicated by the smaller orange pennants.
I have put trade zones in accordingly; now, some traders will enter a position before a breakout however; considering this is public, although this is not financial or trading advice, there is a duty of care to only highlight areas of a breakout from a bearish trend to the reversal. So, I have been very conservative in my trade zones to negate against any detriment, however, interpret at will.
Good luck.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.