Hello my Crypto friends!
Today we are taking a look at IOTA - 4h timeframe
IOTABTC
view. IOTA is in the big channel as you can see. Also, we can see strong divergence in this channel, what is a good sign for a reverse.
So the question is how we can trade this pair?
IOTA is at the low of this channel and at the low of a bigger structure. Just take a look how this pair behaved in the past and you will see nice buy opportunity, but not yet! Every time when it was at the low, price bounced. So, we have more confidence for repeating these bounces.
Patience is the key!
We are only interested in the buy for long term. So, if it breaks the previous low again only then you can look for any buy setup and take it. If we are lucky, IOTA can break out of the channel and really move far from where is now.
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Today we are taking a look at IOTA - 4h timeframe
IOTABTC
view. IOTA is in the big channel as you can see. Also, we can see strong divergence in this channel, what is a good sign for a reverse. So the question is how we can trade this pair?
IOTA is at the low of this channel and at the low of a bigger structure. Just take a look how this pair behaved in the past and you will see nice buy opportunity, but not yet! Every time when it was at the low, price bounced. So, we have more confidence for repeating these bounces.
Patience is the key!
We are only interested in the buy for long term. So, if it breaks the previous low again only then you can look for any buy setup and take it. If we are lucky, IOTA can break out of the channel and really move far from where is now.
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Don't jump in buy to early, wait for any flag/correction and then take breakout
Be very careful if it hits -0.27 area, we have divergence on the bigger picture!