Be careful of this one, if it goes through, we have a resistance quickly above the handle. If this pattern follows through, feel free to ride to the resistance, but be careful as it could go either direction from there. It may be likely that it goes down, forming a huge bearish flag (I'll make a post about this later if we get close, check IOTA's 1H charts).
Note
If we hit the .382 retracement, this is likely just a descending triangle and it may be time to consider a short position.Note
Break through or back to .382? Let's see!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.