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!
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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