IOT GOING FOR $5.36
Here is a clear example of why i still think we are on pullback of the current downtrend,price still below the multi timeframe TL and previous monthly and weekly structures creating a pullback based on the 4h and daily timeframe of the current bearish trend but there's a big chance to break and close above the previous multi timeframe TL and monthly PTZ due the increasing volume coming to the crypto market and the bullish price action we seen in the high timeframes (price action) so for now we can enter a long intraday position in IOTA atleast to the LP of the multi timeframe TL and monthly PRZ and 4th 4h elliot
And looking the big picture and a long term swing trade we must wait till price close abvoe the described areas and consolidates above it to confirm the new trend
Here is a clear example of why i still think we are on pullback of the current downtrend,price still below the multi timeframe TL and previous monthly and weekly structures creating a pullback based on the 4h and daily timeframe of the current bearish trend but there's a big chance to break and close above the previous multi timeframe TL and monthly PTZ due the increasing volume coming to the crypto market and the bullish price action we seen in the high timeframes (price action) so for now we can enter a long intraday position in IOTA atleast to the LP of the multi timeframe TL and monthly PRZ and 4th 4h elliot
And looking the big picture and a long term swing trade we must wait till price close abvoe the described areas and consolidates above it to confirm the new trend