Iota IHS Long

BITFINEX:IOTUSD30

IOTA / DollarBitfinex

Description

⋅ Dec 11, 2017 5:08 PM

iota possibly breaking out soon with this IHS

Comment

⋅ Dec 12, 2017 7:17 AM

forgive me, this i an ascending triangle

Comment

⋅ Dec 12, 2017 7:41 AM

*is

Comments

RV15699

⋅ Dec 11, 2017 7:28 PM

be carefull, it has to deal with the previous 2x resistance from yesterday and last night. lets test it.... and if it breaks thru; be aware of a false breakout...
very difficult this one in my opinion.

onecane

⋅ Dec 11, 2017 9:48 PM

@ronvat, i am a moonkid, i always believe when it comes to good fundamentals. I could see this breakout easly, but ofc you need to watch it closely

UnknownUnicorn1720083

⋅ Dec 11, 2017 11:55 PM

Left shoulder has to be smaller than the head, be careful with that. Here I can see an Ascending Triangle, not shoulders and head.

Regards

onecane

⋅ Dec 11, 2017 5:54 PM

This is an ascending triangle not an inverse head and shoulders. Because the left shoulder is lower than the head, forgive me

RV15699

⋅ Dec 11, 2017 7:25 PM

@onecane, thats what i thougt too, easy to see.

existentialfish420

⋅ Dec 11, 2017 5:31 PM

To form an IHS, wouldn't the head have the be lower than the previous low (left shoulder)?

onecane

⋅ Dec 11, 2017 5:52 PM

@existentialfish420, yes. Its an ascending triangle actually. Thank you for pointing that out.

existentialfish420

⋅ Dec 11, 2017 5:57 PM

@onecane, Still though I'm seeing a nice bull movement from the fib lines and elliot waves.

onecane

⋅ Dec 11, 2017 5:58 PM

@existentialfish420, indeed it is really bullish. if we get more volume we may breakout.