IOT/USD - long term trendline, Ichimoku Cloud lines crossover?
Hello!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
We can see that IOTA has broken out of it's long term trendline, although the volume was not high which normally might not be a good sign. (Price up + Volume low = risky)
With the Ichimoku Cloud indicator we can see that the convergence line (blue) might soon cross the base line (red), which could normally be a weak bullish signal. Bullish because of the cross, weak because it is under the Ichimoku Cloud.
Let's see what happens in the near future.
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
We can see that IOTA has broken out of it's long term trendline, although the volume was not high which normally might not be a good sign. (Price up + Volume low = risky)
With the Ichimoku Cloud indicator we can see that the convergence line (blue) might soon cross the base line (red), which could normally be a weak bullish signal. Bullish because of the cross, weak because it is under the Ichimoku Cloud.
Let's see what happens in the near future.
DISCLAIMER:
THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE.
I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS!
FOR EDUCATIONAL PURPOSE ONLY, THIS IS JUST AN IDEA!
Trading area is narrowing up.