For obvious reasons with the crypto market i would wait for more of a signal until entering a trade but my prediction for iota.
would wait for a decent cross of the 50ema before making a trade unless you have just bought iota on the low then watch for some resistance at the 50 ema to see if you want to take profit at TP1, if we see a break though next targets i think are possible over the rest of the month.
will be keeping my Stop Loss close. could possibly see another heavy sudden cliff drop again in cryptos (Bitcoin) but staying optimistic is usually more fun. I will be more worried by a subtle decline.
targets
TP1 8389 TP2 9435 (these targets may take longer) TP3 10260 TP4 11101 TP5 12296 TP6 13796
Stop Loss SL1 6948 SL2 6735
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TP1 reached, could see a draw back in crypto today will see.
(optional) can move your stop loss 1 too 7322
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A few scenarios could happen, might see it fall back again to 8000-7900 or possibly a small bull flag could form otherwise i think if break below 7800 could see it set back down too 7300 which would start to look negative for cryptos again. Also a break out from here is possible with bitcoins help.
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good strength coming could see TP2 hit with the next couple of days, i'll be moving my stop loss 1 to 7296
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Second Target hit
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will see a decent resistance at 9800s
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seemed to push through next target 3 possible
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Target 3 reached on to TP4
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Target 4 reached
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a slow down in crypto today as bitcoin stops moving.
i sold out at 10260 during this slight drop unless we push 11359 I think a fall back to at least 9550 could be expected but i also expect it possibly to fall to 9365.
target 5 still possible as long as we don't break below 8389
Draw back may not have completed just yet but i think to hit the next targets will have to see a decent cross of the 20EMA over the 50EMA and have bitcoin strong