Binance Hot list coin July, 4th 2020 : IOTAUSDT #2
IOTA is currently trending above the white resistance trend line after a phase 1 of break out strategy. there is a high probability that at current structure, the price is forming the 2nd phase of break out strategy which is retesting the previous broken resistance as a support.
After this break out, the price forms a descending type of triangle which I expect it to become a failure with a break out to the upside. The confirmation of buy is when it has broken out of the upper line of the triangle and simply targeting the interim swing high.
After this break out, the price forms a descending type of triangle which I expect it to become a failure with a break out to the upside. The confirmation of buy is when it has broken out of the upper line of the triangle and simply targeting the interim swing high.