IOTA - Bullish Tendency

Dec 9, 2017

Good afternoon traders! In my previous analysis (linked below) I identified a triangle pattern in IOTUSD H1. As you can see, price broke triangle pattern, and then, tested its new resistance line at 4.2. Now that the market correction has finished, price will keep moving forward throught its tendency line. Volume tendency supports current price tendency.

Recommendation: BUY

TakeProfit1: 4.99827
Take Profit2: 5.28218 (Riskier)

If you find this analysis helpful, don't forget to follow, like and comment! :)

Dec 10, 2017

Note

Getting close to tendency line. Waiting for testing before opening trade.