Pattern - Symmetrical Triangle (Long!)
This is an updated version of the Triangle pattern we identified last week.
- Article Here --> IOTA/USD - Next target $7.10! Bullish Symmetrical Triangle (Long!)
The Triangle borders were adjusted accordingly and a bounce on the lower border serves as a confirmation of the support.
IOTAs Relative Strength Index (RSI) is low in the 4 hour chart and the MACD is signaling a bullish upward trend. The $7.10 target is still in place.
Recommended Guidlines to Follow:
- Wait for the Break Out
- Open your position by following the trend
- Set your target limits
**Always set your stop losses when long
I wish you massive profits on all your trades,
UPVOTE - COMMENT - RESTEEM
What cryptocurrency would you like me to cover next? Would you want these posts to be more detailed in a Technical Analysis standpoint or simple and to the point? Do you agree with this position? What do you think will happen?
Let me know in the comment section below!
Disclaimer: Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.