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moon333

IOTAUSD hitting support of pennant | A good long opportunity

Long
IOTA (BITFINEX:IOTUSD)  
moon333  
BITFINEX:IOTUSD   IOTA
Pennant Moving Averages Volume iotausd iotausdt iotausdtrade iotausdforecast iotausdanalysis iotausdsignal iotaus iotausdlong iotausdbuy
8
1
pennant movingaverage volumestudies iotausd iotausdt iotausdtrade iotausdforecast iotausdanalysis iotausdsignal iotaus iotausdlong iotausdbuy
Priceline of IOTA / US Dollar is moving within a bullish pennant.

Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support.

Volume profile of complete pennant is showing less interest of traders here.

200 SMA has crossed down the priceline to lift the candles up.

MACD turning bullish.

I have defined targets using Fibonacci sequence:

Sell between: 0.2765 to 0.2855

Regards,
Atif Akbar (moon333)

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