S&CSIA
Comment:
keep in mind though as with many of these cupa nd handle breakouts anytime there are candlewicks to the left of the cup that are higher than the cup the price action can stop at this level forming a new cup top and then go back down a bit to form a new handle as well. There is a likely chance this could happen with IOTA considering the Stoch RSI levels are now maxed out and the price action has just reached the level of the bullwick to the left of the top of the cup...if you notice a regression it may be wise to shift some of your iota poisition over to another altcoin that is just now triggering and wait for iota to finish forming ita new handle before reentering...however if IOTA continues to climb we will know that we havesurpassed the rim of the cup and should then climb to the top of the price projection near the top of the green dotted line.