TiborVrbovsky
Long

IOTA Ascending Triangle Idea, 50% profit, Quick Update!

BITFINEX:IOTUSD   IOTA / U.S. Dollar
Hey everyone!

This is just a Quick Update on the Iota chart. Its shame we dont have any news from Iota, but Iota has a really great team! I have faith in them.
The Ascending triangle is a bit stretched, Iota had fallen under the line, but thats fine because she just fall, havent brake down.
Ripple is the main thing why these Altcoins dont grow that much these days, but no worries they will grow, just a bit slower.

If the Iota doesnt break in these 2 areas upwards, it would just jump from ressistance to support looking for break, most likely upwards.

RSI looks fine, so the movement now should be upwards, but I dont have a crystal ball.

This is just an Idea, do not invest more money, that you can afford to lose.
Buy - now is a good entry level
Target 1 - 5 $
Target 2 - 7 $

Stop loss under 3$.
If you agree or dissagree comment bellow!
If it gets a little attention I will do another update!

Thanks!

Comment: IOTA fighting with the ressistance line.
Comment: Iota still in the Channel, Good sign!
Think you have a trade now. I usually look for 3 touches on either the resistance or support line or both to confirm the shape which Iota now has. Good spot.
Reply
Hi @TiborVrbovsky
Still waiting for Iota to start going up !!
I was looking at the graphics and it looks good, what do you think?
Reply
TiborVrbovsky martinfugarte
@martinfugarte, Yeah, me too. The graphs doesnt speak to much for now:)
Reply
Hello Tibor, what are your thoughts about Iota?
Looks like is trying but is not jumping !!
Reply
TiborVrbovsky martinfugarte
@martinfugarte, Yeah, Its trying to break but the Volume is always low, its because of lack of news.
Reply
martinfugarte TiborVrbovsky
@TiborVrbovsky, thank you!!
Reply
Thx for the quick update! :)
Reply
TiborVrbovsky LisboaGrande
@LisboaGrande, You are Welcome!
Reply
by when do you expect (if) it will break the support line ?
Reply
TiborVrbovsky MariusOprea
@MariusOprea, It had already been broken, 2.9$ for Iota is a wonderful price!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out