In the time frame D1, IOTA/USDT goes sideway and forms the Triangle Pattern, characteristic of complex waves according to Elliott wave
Targets at the connections forming the upper support line of the triangle
Buy at $0.2990 - $0.3010
Target 1: $0.3300
Target 2: $0.3900
Stoploss: $0.4400
Risk / Rewark Ratio Tp1 = 2.26
Risk / Rewark Ratio Tp2 = 6.78
Risk / Rewark Ratio Tp2 = 10.41
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Targets at the connections forming the upper support line of the triangle
Buy at $0.2990 - $0.3010
Target 1: $0.3300
Target 2: $0.3900
Stoploss: $0.4400
Risk / Rewark Ratio Tp1 = 2.26
Risk / Rewark Ratio Tp2 = 6.78
Risk / Rewark Ratio Tp2 = 10.41
** If you like our content follow our profile (tradingview.com/u/DrDarvas/) to get more daily ideas. **
Comments and likes are greatly appreciated.
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