If we look at the 1H chart, we'll see a double bottom chart pattern. It belongs to a reversal group of chart patterns. If the market bounces from the uptrend line and 0.80000 support level, we'll have to wait for a price breakout above the local swing high. It will be a confirmation of the double bottom pattern and further upward movement. Pending orders for buy...
Forgot to press publish by a bit, so optimal entries are sadly fortfeit.
OmiseGo stalled previously and established a lower low in conjunction with BTC. Later a HL was established, which created a new trendline with pre breakout resistance and the previous low.
I have strong confidence in this new low for two reasons, which i will now detail.
4RSI has balanced...
In a stricly technical view of IOTA we have a pennant. 4 H Chart.
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move.
However, if a pennant is not accompanied by a flagpole, then it's not a pennant. Also, performance depends on a strong price trend leading to the pennant.
I know nothing, just like this line...
thanks
And please, look at somebody's old ideas before you follow. Lots of sun seekers and copycats that agree on everything.
