IOTX Ascending Triangle. Could look to rally higher.
I'll keep it simple: IOTX has broken above some the 20/50 4-hour MA's and is within a bullish ascending triangle. Setup looks good; but will need a break above 142-144 for better confirmation. I am looking at a target around 165-170. SL below the 4-hour moving averages and below the rising line of support.
Moving average guide (all 4-hour for this post):
20 MA in Pink.
50 MA in Green.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Moving average guide (all 4-hour for this post):
20 MA in Pink.
50 MA in Green.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Comment:
Hit 164 and then pulled back. I closed at 161 from a 137 entry for a 17.50% profit:
