Nickonomics
Long

IOTA: Rocket Launch Detected

BITFINEX:IOTUSD   IOTA / U.S. Dollar
The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern , with 20-25% growth potential. It could make more - that's the nearest target.

Risks
If price drops below 4.10, the idea is no longer viable (stop-loss).
Comment: Price did drop below 4.10 but it didn't change the technical outlook. Here are updated price levels. Be sure to set alerts at 4.80 (buy entry) and 3.77 (sell).
Comment: Updated IOTA levels. Breakout soon
Comment: 5.05 for BUY, 3.58 for SELL (short)
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I agree with you @Nickomonics. Same analysis :)
+2 Reply
maybe a false breakout at the moment?
+1 Reply
@bambam320, It may take some time before it finally breaks. Price may even drop to 4.37 support - that wouldn't damage the technical view.
Reply
@bambam320, This is what I mean:
Reply
bambam320 Nickonomics
@Nickonomics, I agree, it might continue in a sideways range for a little longer
Reply
Cool, thx, LOL! :)
+1 Reply
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