Cryptorenko

IOTUSD bullish trend reversal

Long
Cryptorenko Updated   
BITFINEX:IOTUSD   IOTA
MACD upside momentum is increasing on the Daily Renko chart and there are bullish crossovers. Watch for the price to move above the upper trendline for a big trend reversal.

Trade active:
A whale is manipulating the market. Let's see if this influences the upcoming bullish trend.
Comment:
I think the bears win for now and I will close my position in the upcoming upward correction. Lower highs on 1h and 4h charts
Trade closed: stop reached:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.