IOTA dubble topped, time for a correction/consolidation.
My IDDQD Strategy printed a sharp overbought signal (vertical red stripe).
LSMA (white) is on its way down. As well as the IDDQD line (green) resulting as a sell-signal (red dot). Because of the recently printed candle the green IDDQD line looks like a hook. In the live version this isn't the case anymore.
The momentum (grey ghostarea) is pretty low and there is nearly no volume at all.
Confirmated when the dotted line is broken.
First target will be the support area at the .236 fib.
Second target, which is less likely because it's still an uptrend is the .382 fib.
S/L at 5.2 USD
T1: 4.5 USD
T2: 3.6 USD
My IDDQD Strategy printed a sharp overbought signal (vertical red stripe).
LSMA (white) is on its way down. As well as the IDDQD line (green) resulting as a sell-signal (red dot). Because of the recently printed candle the green IDDQD line looks like a hook. In the live version this isn't the case anymore.
The momentum (grey ghostarea) is pretty low and there is nearly no volume at all.
Confirmated when the dotted line is broken.
First target will be the support area at the .236 fib.
Second target, which is less likely because it's still an uptrend is the .382 fib.
S/L at 5.2 USD
T1: 4.5 USD
T2: 3.6 USD
Trade closed: target reached