IOTA in good trade setup, can it break upside for 80% profit ?

١١ ديسمبر ٢٠١٧

IOTUSD

Friends, The pattern I look at here is symmetrical_triangle
http://stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Asymmetrical_triangle_continuation

The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout.

MACD's trend is up another good sign.

Entry :
1) On the lower of the triangle or
2) Buy now or
3) On the breakout.

Target :
80% or approximately $9.

Stop loss : break below the lower side of the triangle, Exit.

I will keep this thread alive with updates. Post our thoughts, please.

١٢ ديسمبر ٢٠١٧

ملاحظة

Testing the top the triangle. Once broken, target is $5.15, $5.50

١٢ ديسمبر ٢٠١٧

ملاحظة

Testing the top of the triangle. Once broken, target is $5.15, $5.50

١٣ ديسمبر ٢٠١٧

ملاحظة

Price could not break the top triangle. Falling heavily.

I may close on Pull back to the triangle and buy back at lower levels.

١٣ ديسمبر ٢٠١٧

تم إغلاق الصفقة يدويًا

Pattern broke downside. So call closed. One can close now or wait for a pull back towards the triangle.

Next support at $3.

١٣ ديسمبر ٢٠١٧

ملاحظة

My support levels :


Minor Support Levels : $3.85
Minor Support Levels : $3.55
Major Support Levels : $2.8 - $3.05

١٥ ديسمبر ٢٠١٧

ملاحظة

Hello friends, just a reminder. We are getting close to the Support.

٣١ ديسمبر ٢٠١٧

ملاحظة

Friends,

Here is the update on IOTA

It is day timeframe, One candle = 1 Day. Expect things to move in a week