Still on Lower Highs but still waiting for support break-out.iot
488
IOTA is still on Lower Highs within the 1W Channel Down (MACD = -0.294, Highs/Lows = -0.0836, B/BP = -0.04041) but still supported above 0.4978, which has created a strong 1D Triangle (neutral RSi, ADX, CCI, Highs/Lows). This is approaching its completion and we are expecting a break-out to the downside soon, so we are keeping our short positioning (TP = 0.3199, 0.1459).
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.
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.