The descending triangle and firm support:
On bitfinext week chart since Sep 2018 the 20th ranked leading cryptocurrency is moving within a descending triangle , during this period the price action is hitting second time on the support of triangle and also at the lower bands of Bollinger bands .
One of the main reason that the priceline is not able to breakdown...
Updated idea for iota pair. The border of the pattern has expanded, and there is convergence. We are also on the border of the local microtrend. From here you can go on an aggressive strategy, a conservative trigger will break the boundaries of the flag
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Look for long term opportunities in IOTA. Last week was bullish and we are trading a bullish break out pattern in the daily chart. I project IOTA buys at around $1.5 and $1.55. Targets at $3 is reasonable
After trading at parity with the USD, IOTA found itself back to the top 10 high liquid coins in the world. That also means volumes and with meaningful developments over the past few days and addition of Merali, the IoT facilitator could rise.
Buy IOTA with targets at $1.45, $2.2 in the next couple of days with stops at $1.