IOTA is forming a rising wedge on the hourly timeframe
Bearish RSI divergence gives us extra confirmation
A break of support trend would give us confirmation that the rising wedge is in play
Target is 0.5 Fib retracement
Bearish RSI divergence gives us extra confirmation
A break of support trend would give us confirmation that the rising wedge is in play
Target is 0.5 Fib retracement
Order cancelled:
We didn't have a break of support trend so our short was not triggered.
Now we wait for new opportunities.
Now we wait for new opportunities.