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ForecastCity
Mar 14, 2020 4:58 PM

Don't miss the great buy opportunity in IOTABTC Long

IOTA / BitcoinBinance

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. IOTABTC is in a range bound and the beginning of uptrend is expected.
. While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.

Take Profits:
TP1= @ 0.0000262
TP2= @ 0.0000310
TP3= @ 0.0000400

SL= Break below S2
Comments
Mesutkashmar
Nice Set-up
ForecastCity
@Mesutkashmar, Tnx for your comment
DenizKilicDeniz
Nice thorough Analysis
ForecastCity
@DenizKilicDeniz, Thank you for your encouragement
Shiva_forex
Nice idea . worked like a charm
ForecastCity
@Shiva_forex, Thank you for your comment
Pro_Trader_007
I've put in my trade Hope to hear again from you Thanks
ForecastCity
@Pro_Trader_007, You're welcome. we hope you make maximum profit out of it.
Pro_Trader_007
Well done Fantastic graph and comments.
ForecastCity
@Pro_Trader_007, Thanks. we hope you enjoy it.
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