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

11. Dez. 2017

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.

12. Dez. 2017

Anmerkung

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

12. Dez. 2017

Anmerkung

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

13. Dez. 2017

Anmerkung

Price could not break the top triangle. Falling heavily.

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

13. Dez. 2017

Trade wurde manuell geschlossen

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

Next support at $3.

13. Dez. 2017

Anmerkung

My support levels :


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

15. Dez. 2017

Anmerkung

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

31. Dez. 2017

Anmerkung

Friends,

Here is the update on IOTA

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