$IOTA, Weekly Double Bottom…

Looking at our highest timeframe we see price has found major resistance at 24000 leaving us with a double top . Since then price has retraced towards our 15000 psychological support level , where we are now looking to form a wammie double bottom . Stochastic RSI showing momentum is starting to bottomed out. A weekly close above our 18000 resistance activates our trade.

Shifting to our pattern timeframe we see price has recently broke out of its descending bearish parallel channel . Stochastic RSI showing momentum is heading towards the upside, although we may have temporary peaked. A daily close above 18500 activates our trade, and we should see a push towards 24000.

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