alexcrypto
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IOTAUSD - Long term view - Huge upside potential

BITFINEX:IOTUSD   IOTA / Dolar A.S
Since inception Iota has suffered a steady decline forming a huge triangle. Now there is some upside potential:

Hidden bullish divergence has start to show and the decline of volume is easing.

If breakout happens above the trendline the upside potential is quite significant up to 190% if volume keeps pace with the increase in price.

If breakout below the triangle further significant downside can be expected.

In order to minimize risk tight stop losses at entry and on the way are a must.

Enter if there is a solid breakout on top of the trendline CONFIRMED by strong Volume uptick.

Entry: at triangle brekout (around 0.38160)

TP: 1.11986 (190%)
(to be reassessed as the pattern develops, target possible)

SL : 0.33367 (-13%)

Trade safe.
Komen: Trendline broke,upside momentum confirmed
Perdagangan tutup: sasaran tercapai: OVER 300% Congratulations to everyone that has read this analysys
Good prediction ! What do you think will happen now ! will we see a pulback to 50 or are we still going to go up ?
+1 Balas
@Sofsayen, Is already happening, we broke the triangle and we are up around 50%. There will be a lot of ups and down on the way. Situation can be reassessed later.
+1 Balas
Sofsayen alexcrypto
@alexcrypto, where do you think are we going ?
Balas
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