IOT forming H&S
After a long rally up, fueled by BTC and ETH, a pullback is due. The uptrend line is broken. IOT could form a Head-n-Shoulders pattern here, which would a be a nice short opportunity.
However, sentiment is quite bullish at the moment, I think, so shorts are especially dangerous.
However, sentiment is quite bullish at the moment, I think, so shorts are especially dangerous.
Trade active
H&S complete.
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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.