Grimland

IOTA/USD SHORT

Short
Grimland Updated   
BITFINEX:IOTUSD   IOTA
Looks like IOTA is forming a rising wedge
To catch this move we have to wait for a break of support trend
In case we get another bounce on support trend we can look for a reversal candle in the area shown in the graph
We can also notice a bearish RSI divergence which gives us extra confirmation that this wedge is likely to play out

Good luck to all!
Trade active
Trade closed: target reached

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.