Para_bolic

IOTX - Breakout or breakdown.

Long
Para_bolic Updated   
BINANCE:IOTXUSDT   IoTeX / TetherUS
IOTX went on a massive 550% bullrunn after coinbase listing.

A big correction is sometimes expected during such events. We started of forming a bearish HS reversal pattern. But we seem to have found support along with BTC.

For now it looks like we are forming a bullflag witch is a bullish continuation pattern.

Im watching this buddy close for a possible breakout if BTC goes 50K and beyond.
Trade closed manually:
We are currently breaking down along with btc. Strong support at 0.053/0.058.
This is my current buy target.

Rumours saing that big news are comming to IOTEX
Comment:
Regarding support levels i refer to daily charts.
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