IOTAUSD hitting support of pennant | A good long opportunity
Priceline of IOTA / US Dollar is moving within a bullish pennant.
Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support.
Volume profile of complete pennant is showing less interest of traders here.
200 SMA has crossed down the priceline to lift the candles up.
MACD turning bullish.
I have defined targets using Fibonacci sequence:
Sell between: 0.2765 to 0.2855
Regards,
Atif Akbar (moon333)
Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support.
Volume profile of complete pennant is showing less interest of traders here.
200 SMA has crossed down the priceline to lift the candles up.
MACD turning bullish.
I have defined targets using Fibonacci sequence:
Sell between: 0.2765 to 0.2855
Regards,
Atif Akbar (moon333)
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