IOTA Return to Mean for BITFINEX:IOTUSD by MONGREL

trendanalysis chartpattern iota iotausd iotabtc

Iota looks good for a play, target is 90c or so can SL under the low around 46c.

Zoomed out view.

See the divergence vs BTC

Comment:

Well it looks like it has started. I had to close my long on this because of all the BS going on at Bitfinex. I did buy IOTA there and sent it to Binance so am still playing this but not with margin unfortunatly. Sooner the better this Bitfinex FUD blows over and I can go back there to trade. I love that site is one of the best userwise and options IMO but just take a look at there reddit. I dont think it is 100% safe at the moment.

Anyways this is my thoughts, buy a pullback, set your sell to 13k and set a SL as on the chart. There are some people who chart on here like who I like are short on this so a SL is better safe than sorry.

Trade Plan

Zoomed out you can see the moving averages aligning (50/150/200/G/R/W) and the Ichimoku Cloud broken. So I think everything is lining up for a bull move.

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