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sickojacko
Dec 8, 2017 11:05 AM

IOTA : Long. Target = 6.7$ Long

IOTA / DollarBitfinex

Description

Long on IOTA.

The AT is not enough for IOTA, news driven coin. But all AT lights are green.

Target 1 : 5$ / 5.5$. Psychological number + previous ATH.

Target 2 : 6.7$

Stop loss on the resistance line of the falling rectangle. Move it up to break even soon.

MACD divergence during falling rectangle was a good sign also.

Trade active

Special attention has to be paid at BTC, doing crazy moves as usual.

Trade active

So far so good :)

Tested 5$ and the first target was reached.

We could have unloaded some bags just at 5+$ for a juicy +30% profit - we are still in the trade though, hope we were not too greedy :)
Comments
deemlook
Interesting. Thank you for the analysis. Any thoughts on the possible H&S forming?
sickojacko
@deemlook, thanks for your comment. H&S didn't clearly appear, did it ?

Are you in this trade also ? What was your entry point ?
deemlook
@sickojacko, exited @3.88, unfortunately. Only got back in at 4.36. Bad call.
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