Bitfinex IOTA/USD Falling Wedge Breakout

1. Price forming a Falling Wedge after a strong move up.
2. Decently strong support around 4.5 - 4.7 USD
3. RSI bouncing off 50 line, bull trend continuation signal.

Enter when breakout towards top side confirmed, stop loss below wedge bottom.

Good luck,
Kane

Comment:

Price is also above Komu Cloud which is a bullish plus.

Trade closed: stop reached:

BTC continued to drop below 15k, dragging altcoins down with it. Stop reached, trade closed.