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Mikephicc
May 20, 2018 1:46 PM

IOTA to break H&S's neckline? Expect plunge to $ 0.77 support.  Short

IOTA / US DollarBinance

Description

IOTAUSD came to draw a H&S's on the chart during the last couple weeks. If it was to break neckline in the upcoming days, price target is fixed almost to the exact point where 0.77 support lies. Watch out for volume during breakouts, low volume could represent a fake movement either way.
Condition - neckline broken
Cancel figure - price above left shoulder

Trade safe!!!
@Mikephicc

Trade active

Target zone is about to be reached, h&s’s confirmed.

Trade closed manually

After 4 months of the following up of this trade, probably the most profitable I ever had, I was lucky to see price alarm on time and closed a bit higher than $ 0.779 while demand started to increase exponentially and today’s bullish volume resulting to be in one of the highest since April or even March. This journey comes to an end and I expected a huge recovery for IOTA for the following months.
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