Updated

IOTA swing trade

IOTA has given confirmation in USD pair but 50 weekly MA is acting as a resistance. Confirmation in btc pair has not been established. Waiting for confirmation.

Meanwhile look for stability in the BTC pair around this green zone. Entering on 7 Weekly EMA on USD pair is recommended. Break below 21 EMA (either USD and BTC) on weekly invalidates this setup.

Note

BTC pair is doing fine.

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Trade active

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Bouncing nicely from the zone

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BTC pair has a breakdown in daily chart. but weekly close is crucial. The USD pair is doing fine.

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IOTBTC is performing bad and usd pair also experienced a drop below 7ema after a close above 50 DMA past week. 21 Week EMA is providing support. Bounce and above 7 ema will be bullish. Close below 7 ema in weekly IOTUSD will be short signal.

Note

Closed below 7ema. Placing just below 21 EMA

veerakumarnice

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veerakumarnice