Hello Everyone!
I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon, especially with a working wallet now, and another confirmation of a major partnership.
Towards the end of the large pennant, I have highlighted areas of potential scalp trading as indicated by the smaller orange pennants.
I have put trade zones in accordingly; now, some traders will enter a position before a breakout however; considering this is public, although this is not financial or trading advice, there is a duty of care to only highlight areas of a breakout from a bearish trend to the reversal. So, I have been very conservative in my trade zones to negate against any detriment, however, interpret at will.
Good luck.
I am going to keep this short and sweet, as I believe this chart conveys what I could type out much better. As to how i found my trend lines, and created an overlay of diamond sections to isolate movement, is done by an amalgamation of a few techniques.
Simplistically, IOTA has been bearish for some time, and a breakout is on the horizon, especially with a working wallet now, and another confirmation of a major partnership.
Towards the end of the large pennant, I have highlighted areas of potential scalp trading as indicated by the smaller orange pennants.
I have put trade zones in accordingly; now, some traders will enter a position before a breakout however; considering this is public, although this is not financial or trading advice, there is a duty of care to only highlight areas of a breakout from a bearish trend to the reversal. So, I have been very conservative in my trade zones to negate against any detriment, however, interpret at will.
Good luck.