Greetings traders! As you can see, IOTUSD
reveals a new triangle pattern
. In this case, price can go up or down, so I recommend to open two stop orders. Volume
is decreasing, which supports triangle pattern
confirmation. At the moment, MACD
is revealing a new bearish
tendency, this can mean triangle breakout will occur at 3.9, but we should wait for more information.
Recomendation: Set a BuyStop and a SellStop order.
My BuyStop: 4.34017
BuyStop TP: 4.81144
the height of the triangle)
My SellStop: 3.89244
SellStop TP: 3.41139
(Half the height of the triangle)
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