looks to be a deviation below the red line and currently reclaiming it
close above here on the daily and we should have a decent move up
138 weekly range high tp1
weekly stoch turning up in a bullish zone usually results in a nice boom
IRIS is inside falling wedge pattern that price is above lower line.
🐮 price can drop more to lower line that is the same with long term support, then head up to break out from wedge.
if bulls success to break out the last descending resistance price will head up toward resistance zone between 0.5 and 0.618 fib levels of whole swing down.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this IRIS/BTC TRADE setup. IRIS looks good here.
IRIS breaks out from the falling wedge-like structure in the daily time frame. Previously, when it breaks the falling wedge it pumps 88% so I'm expecting the same.
Entry range:- 140-148 sats
ENTRY: 0.00000170 - 0.00000185
STOP: Close daily (D) candle below 0.00000165.
This is not financial advice.
Trade at your own risk.
- I would expect this to be the bottom for Iris given the current market situation
- Volume is also rising
- Very good potential here
- Set your stop losses, mine will be set at the purple support
I see a super good buying zone around 170-200sats for IRIS.
If we can keep this level as strong support, I would love to see a bullish sentiment in IRISBTC.
Do not take this as a piece of financial advice.
This is the first time I ever drew a TA for IRISBTC.
May the force be with you.