kuegi

[ IOTA intra ] bullish pennant or just a wedge?

BITFINEX:IOTUSD   IOTA / U.S. Dollar
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2
Another nice bullish pennant / wedge forming in BITFINEX:IOTUSD this time i learn from my mistakes and put the stops at reasonable positions. lacking any usefull targets on the upsides i took the fibo as fallback which also matches nicely with the downside target.
Trade active
Comment: first push went exactly down to 0.5 and bounced there. but the direction stays bearish. Time to trail the stop a bit to 0.312.
Trade closed: stop reached

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