We have successfully reached our target of $4.90 yesterday and
IOTUSD
had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support.
Trade Setup:
Stop Loss $4.20 USD
Target: $5.20 USD
IOTUSD
had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support. Trade Setup:
Stop Loss $4.20 USD
Target: $5.20 USD
Comment:
The next two to three hours is going to be very interesting. If IOTA still doesn't bounce up far away from $4.45 support sooner or later, we are very likely to go on a downtrend.
Comment:
We're still above $4.45 support, which is good. Still bouncing up and down within the triangle as expected. I'm expecting a breakout from the huge triangle midnight. Hopefully we'll have enough volume by then.
Good luck to all.
Good luck to all.
Comment:
Lol bear trap. I almost fell for it myself too. Trading IOTA is slowly giving me cancer, too unpredictable.
Comment:
Congrats. BTC got dumped, now everything must go down with it. Welcome to crypto.
Comment:
Bitcoin ruined it for us. It's over. good job. Amazing...
Comment:
Bots are selling. Buyers are letting sellers to panic sell. Whole market is panicking.
Comment:
Interestingly, we are still on an uptrend after that fall from the triangle. It seems that IOTA is respecting the $4 support and $4.45 became a resistance once again.
Comment:
No need to panic, bounced above $4 support ad expected. I might short it if it can't break above $4.45
Comment:
Once again Bitcoin dipped and managed to bring everything down with it. Ruined our perfect breakout and broke our $4 support this time. Welcome to crypto.
Comment:
IOTA slowly recovering along with other alts. I might short it at $4.45
We are running low on momentum and broke numerous supports already.
We are running low on momentum and broke numerous supports already.
Comment:
Don't worry guys. If you're going long, I'm expecting a breakout on 12/17 at the latest. if you're interested, we can use this opportunity to short IOTA as it bounces up and down within this triangle.
Don't worry guys. If you're going long, I'm expecting a breakout on 12/17 at the latest. if you're interested, we can use this opportunity to short IOTA as it bounces up and down within this triangle.