1hr View
It has had a few good runs so have used it to day to mark out my support, resistance and trend lines.
Every day starting with charting!
Purple rectangle - 1 day
Yellow - 4hr
Green - 1 hr
IOTA kicked away from descending wedge and went bullish - Parallell Channel represents this.
Needs to break resistance at 1.05 - you could look to trade the channel and take it to 1.10
The next interesting session will be bouncing between 1.05 (if becomes support) and 1.10
If 1.10 becomes support 1.20 is the next point of resistance.
Feel free to pass on any feedback on my analysis.
It has had a few good runs so have used it to day to mark out my support, resistance and trend lines.
Every day starting with charting!
Purple rectangle - 1 day
Yellow - 4hr
Green - 1 hr
IOTA kicked away from descending wedge and went bullish - Parallell Channel represents this.
Needs to break resistance at 1.05 - you could look to trade the channel and take it to 1.10
The next interesting session will be bouncing between 1.05 (if becomes support) and 1.10
If 1.10 becomes support 1.20 is the next point of resistance.
Feel free to pass on any feedback on my analysis.
Trade active:
Adjusted -
SL now 1.0379
TP 1.0923.
SL now 1.0379
TP 1.0923.
Trade closed: stop reached
TP - 1.0853
SL - 1.0287