Cup and Handle on IOTA

Be careful of this one , if it goes through, we have a resistance quickly above the handle. If this pattern follows through, feel free to ride to the resistance, but be careful as it could go either direction from there. It may be likely that it goes down, forming a huge bearish flag (I'll make a post about this later if we get close, check IOTA's 1H charts).
Comment: If we hit the .382 retracement, this is likely just a descending triangle and it may be time to consider a short position.

Comment: Break through or back to .382? Let's see!


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