Hi everyone,
Even though the last week has been stormy for IOTA, I still believe IOTA is going to make a run for 7.5 – and even higher in the future.
• The market made a ‘battish-pattern’ – which is not fully according to the ‘book’, but a good indication that the market is done correcting.
• There is also a breakout on the 4H-RSI:
• We broke out of the descending channel
These technical confluences, together with some news events which will be announced short-term, make me believe that this is a good buy.
You can buy the breakout of the blue-trendline. If the market breaks down leg ‘D’, of the harmonic-pattern, the pattern will be invalid.
- Trade with care.
Even though the last week has been stormy for IOTA, I still believe IOTA is going to make a run for 7.5 – and even higher in the future.
• The market made a ‘battish-pattern’ – which is not fully according to the ‘book’, but a good indication that the market is done correcting.
• There is also a breakout on the 4H-RSI:
• We broke out of the descending channel
These technical confluences, together with some news events which will be announced short-term, make me believe that this is a good buy.
You can buy the breakout of the blue-trendline. If the market breaks down leg ‘D’, of the harmonic-pattern, the pattern will be invalid.
- Trade with care.
Note
There we go: Note
Retested that descending trendline, we can blast up from here: Note
'These technical confluences, together with some news events which will be announced short-term, make me believe that this is a good buy. 'On the fundamental side:
- IOTA just released a new wallet, news can be found on their Twitter-page.
- Tangle transaction speeds are suddenly much faster.
- Robert Bosch Venture Capital bets on IOTA as it invests in the future of IoT
On the technical side:
Enjoy the rides, ladies and gentlemen
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Related publications
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.