Background:
IOTA has spent much of its existence ranging from 2018-2021. There was an explosive markup in Q1'21 with consolidation/accumulation following. Since Sep.'21 until 20 Jan.'22 price has ranged roughly between $1.00 and $1.55. Only recently has price fallen below the range.
Strategy:
Look for signs of weakness or confirmed deviations at boundaries to determine if price is simply deviating below, suggesting a return back to ~$1.55, or if price is falling back into Summer'21 accumulation range. Buy/sell the boundaries accordingly.
Invalidations:
Strong breakout above $1.55 or below $0.69
IOTA has spent much of its existence ranging from 2018-2021. There was an explosive markup in Q1'21 with consolidation/accumulation following. Since Sep.'21 until 20 Jan.'22 price has ranged roughly between $1.00 and $1.55. Only recently has price fallen below the range.
Strategy:
Look for signs of weakness or confirmed deviations at boundaries to determine if price is simply deviating below, suggesting a return back to ~$1.55, or if price is falling back into Summer'21 accumulation range. Buy/sell the boundaries accordingly.
Invalidations:
Strong breakout above $1.55 or below $0.69
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.