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IronKnight

IOTA head and shoulders

Short
IOTA (BITFINEX:IOTUSD)  
IronKnight  
BITFINEX:IOTUSD   IOTA
Chart Patterns
6
0
chartpattern
IOTA appears to be forming the right shoulder of an H&S formation. Needs to top out here, drop quickly, and break the neckline for confirmation.

Target 1: .45 usd (Textbook H&S drop, .236 FibRet)
Target 2: .40 usd (completion of bubble cycle and return to trendline )
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