Almost a perfect bullish butterfly on Iota, which means this can be a perfect oppoutunity to buy.
However Bulkowski says "...this pattern has such a high failure rate (14% as measured from the low at D)"
A good idea could be to wait and get in when there is upward movement from D.
Three setups as the price around 0.00057 is fibonacci level at 1.27 (0.000585)
Also Weekly MACD is almost about to cross (see in update)
However Bulkowski says "...this pattern has such a high failure rate (14% as measured from the low at D)"
A good idea could be to wait and get in when there is upward movement from D.
Three setups as the price around 0.00057 is fibonacci level at 1.27 (0.000585)
Also Weekly MACD is almost about to cross (see in update)
Comment:
As you see, Histogram momentum is going upwards while MACD is about to cross
Comment:
Weekly MACD crossed at the bottom.
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