IOTA Accumulation channel Triple bottom U-turn Potential 60-120%

IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom. If this happens, there will be a reversal of the main trend.

Target for local work.
The potential of this local work is from + 60-120%.

Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.

Kommentar:

False breakdown of the accumulation channel. The price has fixed within the channel. This is a positive sign.
According to the Wyckoff and VSA trading method, this is the so-called Spring ("spring") - it sometimes occurs in the late stages of accumulation before a strong bullish movement.

Kommentar:

+ 30% of the support of the accumulation channel.
Work in a local uptrend.

Trade geschlossen: Ziel wurde erreicht:

1 target in the accumulation channel is taken + 70%
In the event of a residual price fixation above the resistance, the secondary trend will reverse. If this does not happen - further trading in the channel of accumulation from the trend lines of the external and internal channel.

Kommentar: