moon333
Long

IOTABTC ready for breakout from a pennant

BINANCE:IOTABTC   IOTA / Bitcoin
After a strong bull move since 4th jan the IOTABTC was moving in a pennant and likely to going through a correction rally which seems to be getting finished now.
We can see on daily chart the price action hits the 100MA and pivot 1st support moreover we have a 200MA beneath 100MA playing a very srtong support role here.
RSI oversold condition is also very importance factor here indicating to bullish divergence soon insa Allah.
The volume profile's fixed range is showing trader's less interest in this area and price line is also quite low below the POC of volume profile .
I am expecting a massive breakout from here soon insha Allah.
I have defined the targets on chart accordingly plz find.

Regards,
Atif Akbar (moon333)
Jan 22
Trade closed: target reached
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