IOTAUSDT4H trend chart
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IOTA has been consolidating and converging.
Now, it is trying to take out the upper downtrend line, but we shall be aware of fake-out in 4H chart.
If price can break out the downtrend line around here, trading strategy as below.
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Profit Targets:
a) 1.62----Blue horizontal ray
a) 1.7664---Fib(1)
b) 1.9686~2.0504----Fib(1.272~1.382)
Stop losses:
a) 1.366-----Red horizontal ray
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.