IOTA been on a nice bull run these past few days, looking to break $1 and perhaps stabilize around $1.20+ in the upcoming weeks.
Analyzing chart and RSI's we see a similar pattern happened on November 10 (highlighted) during which after a nice bull run we had a minor correction and then kept rising the next day.
It seems like IOTA should have a bit of a correction during the next day or so, which should serve as a nice dip to buy in at.
Other option is we break through resistance without correcting, since IOTA doesn't seem to like correcting very much, and then we'll be seeing values above a dollar in the next few days.
Overall profit target around $1.30 - $1.60 - gives us a nice 2x if it happens.
After a bull run like this i would set a stoploss if the price starts dipping below 0.65 and RSI confirms down movement, as it could mean a downtrend/major correction starting.
Analyzing chart and RSI's we see a similar pattern happened on November 10 (highlighted) during which after a nice bull run we had a minor correction and then kept rising the next day.
It seems like IOTA should have a bit of a correction during the next day or so, which should serve as a nice dip to buy in at.
Other option is we break through resistance without correcting, since IOTA doesn't seem to like correcting very much, and then we'll be seeing values above a dollar in the next few days.
Overall profit target around $1.30 - $1.60 - gives us a nice 2x if it happens.
After a bull run like this i would set a stoploss if the price starts dipping below 0.65 and RSI confirms down movement, as it could mean a downtrend/major correction starting.
Commento:
Commento:
just hit bullish confirmation, on the rise towards $1
Commento:
tell me we’re not about to break out
Commento:
oh if it wasn't for you meddling kids!
@tether
@tether
Commento:
looks like bullish confirmation right now, expecting a nice run the next few days!
Commento:
bullish pennant forming
Trade chiuso: obiettivo raggiunto:
reached 1.45, took profit and waiting for a dip or more bullish confirmation to re-enter
Trade attivo:
re-entered @1.90, hodling this coin long term, dont think ill be doing any trades till new years.
