IOTA BEAR FLAG
i observe this bear flag on BITFINEX:IOTUSD , the uptrend trendline violated so the pattern seems to be in play.
Trade opportunity is to go short, A measured move of the impulsive leg down put targets at $0.126
There is however a chance the market interprets this as a pennant in that case the move will be smaller and target is at $0.1560, in that case it may be building a bottom
Trade opportunity is to go short, A measured move of the impulsive leg down put targets at $0.126
There is however a chance the market interprets this as a pennant in that case the move will be smaller and target is at $0.1560, in that case it may be building a bottom
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