Hi dear friends, hope you are well, and welcome to the new update on IOTA coin.
Rejection by the resistance of weekly triangle:
On the weekly time frame, IOTA is once again rejected by the resistance of a big symmetrical triangle.
Small triangle:
Priceline has formed a small triangle on the 4-hr time frame, and now it may retest the support of this triangle. But is IOTA breaks down this small triangle then it may test the support of a bigger triangle on the weekly time frame.
Bullish divergences:
There are different divergences that appeared on different time frames as below.
4-hr hidden divergence, as the priceline forming higher lows but RSI setting lower lows.
Daily bullish divergence, as the priceline forming lower high but RSI setting higher highs
Weekly bullish divergence, as the priceline forming lower high but RSI setting higher highs
Therefore, soon we can expect a big breakout and long-term rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Rejection by the resistance of weekly triangle:
On the weekly time frame, IOTA is once again rejected by the resistance of a big symmetrical triangle.
Small triangle:
Priceline has formed a small triangle on the 4-hr time frame, and now it may retest the support of this triangle. But is IOTA breaks down this small triangle then it may test the support of a bigger triangle on the weekly time frame.
Bullish divergences:
There are different divergences that appeared on different time frames as below.
4-hr hidden divergence, as the priceline forming higher lows but RSI setting lower lows.
Daily bullish divergence, as the priceline forming lower high but RSI setting higher highs
Weekly bullish divergence, as the priceline forming lower high but RSI setting higher highs
Therefore, soon we can expect a big breakout and long-term rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.