IOTA Corrective contracting Triangle about to end Long

IOTA / DollarBitfinex

Description

⋅ Dec 12, 2017 11:46 AM

After the huge bullrun from less than $1 to over $5 the corrective contracting triangle seems well defined.
We can expect the upper tendance to resume and to broke the ATH.

I would advice to place buy order around $4.40 with stoploss just below $4.

Any thoughts from EW analysts ?