Usually breakouts create amazing trading opportunities for those who patiently wait for a confirmation. This chart presents another possible IOTA entry, which has quite significant values if it comes to positive results of prognosis. As seen on this logharitmic 1D historical price action we are currently breaking out of a downtrend which held since 10'th of May. I present here my scenario for the first 2 targets. Further updates will follow if levels reached, or stop-loss triggered. For now scenario presented a few weeks ago is still in play, considering possible Wyckof accumulation schematic. Please find attached a link to this material (bare in mind levels in there were optimised only for price - timeframe wasn't taken at all under consideration).
Never invest in one asset more than 2% of your trading portfolio. Good luck trading, keep educating, remember of capital management and entry/exit/pause strategy.
Regards, Adamsky.
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Please note bullish divergence (RSI) formed between 23/05 and 22/06.
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Buy order executed:
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Current strong resistance as per ichimoku in the area of $0.848 :
Close below the red support line (atm: $0.79) on the above 4H chart, will most likely send the price to the area already described as a Stop-loss.