IOTA formed Cypher for upto 26% rally

12 mar 2021

This idea has been shared as private with complete targets on tradingview, I am also sharing the private chart's link for you but if you like to share with your friends then you can. If you face any problem accessing the chart then do let me know. Thanks

Hi patrons, hope you are well, and welcome to the new update on the IOTA coin.

Previously we caught a big pump of more than 1400% as below:

Now on a daily time frame chart, the priceline of IOTA formed a bullish Cypher pattern. After completing the leg it has moved up, it may give us another chance to catch from this buying zone.


Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:

Buy between: 0.00002310 to 0.00002156 btc

Sell between: 0.00002431 to 0.00002721 btc

Stop loss:
The maximum extent of potential reversal zone 0.00002156 btc can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 26%, and the loss possibility is 7 %.


Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.