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profghibli

IOTAUSD log trendline buy signal

IOTA (BITFINEX:IOTUSD)  
profghibli Updated   
BITFINEX:IOTUSD   IOTA
Trend Analysis
6
3
trendanalysis
IOTA has entered a strong support zone, this is a trade for at least a month going forward. A midterm entry/stop/target are indicated.
Comment:
Entry - $0.93-0.85 range.

Stop - $0.64

Target -$2
Comment:
Wasn't as smooth regarding the bounce off the trendline, but already 70% up.
Comment:
Good time to take 15-20% off the table and lower our entry point to make a risk-free trade, with a stop loss under last bottom ~$0.89
Comment:
If you sold some at above $2, or have some free capital, adding to IOTUSD position at $1.67-1.55 region is a good idea. Currently doing wave 5 of C likely.
snapshot
Comment:
Touching the same (green) trendline once again. Wonder if it will hold this time. Probably should be a good support zone.
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