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s4lt29

Bitfinex:IOTUSD Update - Head&Shoulders Neckline broken

IOTA (BITFINEX:IOTUSD)  
s4lt29 Updated   
BITFINEX:IOTUSD   IOTA
Trend Analysis Chart Patterns Cryptocurrency iotausd IOTA
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trendanalysis chartpattern cryptocurrency iotausd iota
Uptrend broken, head and shoulders neckline brocken downwards, apparent downtrend channel, possible resistance between 4.05-4.20. Watch out for breakout up/down. Time to play out ~12h.

Disclaimer: Would love your analysis as I'm merely starting out.
Comment:
Next 4h should be interesting. Extended neckline broken once, resistance at 4.2USD touched. Entry at 4.57, if breached.
Comment:
Comment:
Area of resistance at upper line downtrend channel and at extended neckline. Possible breakout area around 4.57 USD.
Long trade: Enter on breakout, next resistance expected around 4.90-5.00.
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