IOTA in good trade setup, can it break upside for 80% profit ?

Friends, The pattern I look at here is symmetrical_triangle
http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Asymmetrical_triangle_continuation

The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout.

MACD's trend is up another good sign.

Entry :
1) On the lower of the triangle or
2) Buy now or
3) On the breakout.

Target :
80% or approximately $9.

Stop loss : break below the lower side of the triangle, Exit.

I will keep this thread alive with updates. Post our thoughts, please.

Note

Testing the top the triangle. Once broken, target is $5.15, $5.50

Note

Testing the top of the triangle. Once broken, target is $5.15, $5.50

Note

Price could not break the top triangle. Falling heavily.

I may close on Pull back to the triangle and buy back at lower levels.

Trade closed manually

Pattern broke downside. So call closed. One can close now or wait for a pull back towards the triangle.

Next support at $3.

Note

My support levels :

Minor Support Levels : $3.85
Minor Support Levels : $3.55
Major Support Levels : $2.8 - $3.05

Note

Hello friends, just a reminder. We are getting close to the Support.

Note

Friends,

Here is the update on IOTA

It is day timeframe, One candle = 1 Day. Expect things to move in a week

maheswar81

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.

maheswar81