IOTA trap inside symetrical triangle pattern. This pattern have 2 direction break :
If it break up : Bullish confirmation at 0.65415, and 110% ProfitMax at 0.985 pay attention on support at 0.83, if you see heavy drop at this level, secure your profit.
If it break down : bearish confirmation at 0.4339 and bearish target as symetrical triangle projection at 0.09546 Pay attention at strong support at 0.24814, this level can be new buyzone.
@Aitoyko, anyway Bitfinex (bit.ly/2vKF1WA) remains much better for trading IOTA. Meaning in terms of market liquidity and available tools. Good luck!
fract
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@741852963www, The more exchanges accept iota, the more people will know about it. Tangle > blockchain
albertwt
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Fundamentally, IOTA has a better development and good news since last week.
So it will be bullish, unless... there is something big happening to the Bitcoin :-|
rludvik
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It's all so simple and obvious when one reads your analysis :) Thanks for your effort, I learn something new from you every day .
Timosborn
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so far your prediction is working out perfectly. The same also with ETC. That's insane.
Timosborn
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to the moon!
MrNinjack
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Thank you for this post! I recently joined trading view and your analyses has furthered my game so much more. I also see another pattern drawn from the top of A descending down to C as you have it, except it would form a descending triangle with support line drawn on the low of the day on Sep 4 ( 0 on fib retrace) and extending right. If you visualize it we are just over 50% of the pattern completing and this way it also captures the low made on Sep 15th.
Just wondering if my idea is biased I am forcing the descending triangle to make my model "fit" so to speak? I am new to technical analysis and would really appreciate your expertise on this?
feanor7544
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Thx for the chart.
But how can it be a 110% move from 0.65 to 0.985? that's 50% i think, maybe it was a mistake?