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IOTA
Long

IOTA long buy opportunity

By pgarret
Updated
IOTUSD
Here is my new idea for IOTA, we are still inside an ascending triangle (possible pennants after me) and if we break the down trend resistance we can expect nice profit around $7 - $8.
The RSI and MACD supports an upper movement, the volume is decent but more will come once we approach the break point. On a 4 hour chart we had a kumo breakout which confirm the up trend for now.
I'm still bullish on IOTA specially after yesterday correction.
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If BTC gets all the attention we might not see this happening :). I will post more info once we get around the break out.
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BTC going up again, this pattern failed. I will post another idea soon once BTC is more stable.
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IOTA will eventually surge upwards once the BTC bull run is over which doesn't seem to be stopping.
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Ascending TriangleChart PatternsTechnical IndicatorsiotausdkumobreakoutRelative Strength Index (RSI)Trend Analysis
pgarret

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