IOTA seems to be forming a symmetrical triangle. Bitcoin is quiet high at the moment and may correct a little bit. Thats why I'm expecting a pullback into the channel which brings us close to $0,95.
Let me know your trading setup and if you like, let me know. Have a great day!
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Just to be clear, I don't expect a rising price directly after we hit the lower channel support. The thin arrow reflects the price movement of the past days and could (if a pullback is confirmed) form a new triangle pattern at the peak. Lets wait for the outcome of this idea first.
turn on the RSI indicator. A correction is due and would be healthy
McStones
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@BlueCrypto, especially in the higher time frames, the RSI is insanely high. As high as the previous bull-run in 2017. Any ideas for the next correction target?
BlueCrypto
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@McStones, It looks like we're on the same page about the pull back target. I'm guessing roughly 0.95 to $1.00.