Get started
investra

IOTA building rising wedget and reversal

Long
IOTA (BITFINEX:IOTUSD)  
investra Updated   
BITFINEX:IOTUSD   IOTA
Trend Analysis
4
0
trendanalysis
Who followed my IOTA strategy last night made + 8% until this morning already.
IOTA is now forming a rising wedge and will be one of the money makers today!

It is still very cheap and leaves room for a lot of gain. Still 8% to yesterdays average line of 47.

Time to get in!
Comment:
IOTA has left the ascending short term trend line and is in some sideways action with a short term resistance at 43.5. Waves still are ascending, on a smaller level though.
2h MACD and RSI confirm though the next up wave is coming.
I keep a narrow stop loss at 40.8, incase it should fall which I don´t expect at this point.

short term: still money to be made at this low entry level
long term: upward movement will have to confirm the trend reversal by clearly crossing the downtrendline at around 47
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.