TimmiHendrix
Long

IOTA/ETH Buy Signal. Doji star reversal pattern, MACD, RSI

BITFINEX:IOTETH   IOTA / Ethereum
On the 4h Chart we see a Doji Star pattern which indicates a trend reversal.
MACD histogram is about to flip to the positive side and the MAs are going to cross.
RSI just rised from the oversold zone and continues going up.
DMI+ is going to cross DMI-

The strong volume at the Doji Star candle supports this trend reversal.
Additionally the Doji Star formed at ''29ish level --> bounce from this support line indicates trend reversal.




On the daily chart we can see that we probably are at the 4th push of the Elliot wave .
Target area should be around ''40 --> resistance from former period.

Comment: The train started
Comment: On the 15min Chart we see that there is another wave push which will fuel the one on the 4h and daily chart.

Trade closed: stop reached: :(
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