IOTA
Long

Bitfinex IOTA/USD Another Leg Up?

Updated
Price consolidating a second time after the first 2 initial pump, forming a Falling Wedge Pattern, expect another $0.73 leg up.

Entry:
1. Aggressive: Right at bottom of Wedge Pattern
2. Conservative: Wait for breakout confirmation above Wedge Pattern

Stop Loss:
Right below the wedge, depends on personal preferences.

Exit:
Trailing Stop or Take Profit at above Fib Extension Levels

Good luck,
-Kane
Trade closed manually
RSI showing bull run losing steam earlier than expected, sold half and set a trailing stop loss = 2x 15 minutes ADX.
Chart PatternsTrend Analysis

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