Hello everyone and welcome to this analysis on IOTA:.
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has just crossed the EMA 52 representing a start of a bullish short to mid term trend upward.
RSI under 70 which means the trend trend is not yet set.
MACD is showing a neutral sign on the 4 hr.
Aggressive set up:
Long at market price
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and marlket price.
Conservative set up:
Long at EMA 12
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and SL.
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has just crossed the EMA 52 representing a start of a bullish short to mid term trend upward.
RSI under 70 which means the trend trend is not yet set.
MACD is showing a neutral sign on the 4 hr.
Aggressive set up:
Long at market price
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and marlket price.
Conservative set up:
Long at EMA 12
Stop loss under EMA 52
Take profit at 16232 (7%-8%) depending on TP and SL.
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
Comment:
Target reached