quantguy
Panjang

IOTA Breakout

BITFINEX:IOTUSD   IOTA / Dolar A.S
IOTA has continued its breakout from the dragon head pattern, though retraced slightly. This appears to mark the entry into the second segment of a new impulse wave. We could anticipate some pullback, to $4.37, where we have support from a Fibonacci Level, or to $4.20, where we have some support from the central moving average of the KRI. Either of these would be optimal entry points, and the wave would still be valid if we touched either of them.

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Clearly a useless analysis.
Balas
Nice 2!
Balas
quantguy Phanphucduc
@Phanphucduc, Thanks!
Balas
Nice !
Balas
quantguy Benjamix
@Benjamix, Thanks for your support!
Balas
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