On a slight pullback within the forming bullish triangle pattern, it's a perfect time for a long entry. Since whe are in no mans land price wize and thus already broke previous resistance, I used fib extensions to determine profit taking targets.
IOTA made a nice channel run. It made 200% in 10 days . Steadily pushing upward, not many brakes. If we didn't manage to get in during the light pullbacks or if we tried to short the market we proly had a hard time watching it from distance. Now we can see a possibility to enter the market if the price come any close to the lower trend line. We can see...
trade active and stop being moved up each time a new high is made. planning on staying in trade as long as possible - until price closes below stop loss count back line - purple
Price is leaning towards a rising wedge potentially triggering a fall.
We all know that IOTA burst onto the scene with a great market cap, its already pretty legitimate, their tangle tech is next level and I'm sure some better at blockchain may agree or not (Im a chart guy trying to learn crypto) but it makes sense to me. The chart shows that people with money agree. The technicals on this chart are fantastic. Extreme volume on the...
A rising wedge is formed when price consolidates between upward sloping support and resistance lines. In my opionion that what we have here. Also we have IOTA with a huge potential in the future. Find your entry and enjoy the ride! Follow me for Updates on IOTA!
After a symetrical triangle we can see a clear channel up . Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback. Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in a heavily overbought area. We should see soon enough. Our target reached. Position...
After a symetrical triangle we can see a clear channel up . Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback. Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in a heavily overbought area. We should see soon enough. Our target reached. Position...
In this Marketsituation it would be not an surprise if we see a new all time high for iota or at least a test in that range in dont want to be greedy - the risk reward ration is great at that moment :) no advice just an opinion ;)
To adjust the stop loss - we wait until a new high forms. 1/ Find the new high candle 2/ Count back 2 days candles 3/ From this 3rd candles' base draw your new stop loss level. You have now locked in your profit. Rinse and repeat each new high or until you get stopped out.
IOTUSD pair, is currently showing signs of a trend change, which could be a bearish reversal or range conditions. On the last two peaks, bearish divergence is not as strong as the first pair. Still, market is moving within a bullish channel. Resistance lines from previous swings are shown in red. MA20 and MA50 are almost crossing, showing signs of an imminent...
First of all let me begin by saying I love this crypto and wouldnt be suprised to see it shoot up if it can get past some technical issues. Moving on, there is a clear impulsive wave breaking the original trend which is met by prior resistance sending it back down. I expect to see it turn around and head towards that red resistance line. If it breaks this line...
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.
We entered this trade from an earlier post that identified it as a likely I.C.O. recently listed candidtate to enter long after it made a new low on the daily chart and began an uptrend. The signal was a close on the daily charts above the green line. The question now is - How do I stay in the trade as long as possible to make the max profit? We used C.B.L. -...