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Grimland
Apr 23, 2018 1:15 PM

IOTA/USD SHORT Short

IOTA / DollarBitfinex

Description

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

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